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A bastardized metaphorical version of the word placates (meaning to appease or pacify especially by concession). This word started as a colloquialism in Las Vegas Nevada, used by men when they were forced to make concessions especially when dealing with women. It is used in often in the service industry.

placates concession pacify appease women
Example: (Two male bartenders talking about a female cocktail waitress)
Bartender 1: Marry is being a real bitch today I don’t know what her problem is…
Bartender 2: She’s probably just hung over from parting too much last night, just cake plate her and keep it moving

placates concession pacify appease women
by Dirty Mike LV December 13, 2011
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