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georgetown cupcake 

A place where pretentious, self-important females go to feel fancy by waiting in an hour-long line to purchase mediocre, overpriced cupcakes.
Young twenty-something: "I MUST go to Georgetown Cupcake today! After all, I've been rotting my life going to sorority parties and overspending on frivolous crap, so what harm could it do?"
georgetown cupcake by ossrey February 18, 2011
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georgetown cupcake 

The act of eating the ass of an aristocratic college girl who attends a prestigious private or Ivy League university.
Dude, the other night Schafer totally gave that J. Crew cashier a georgetown cupcake.
georgetown cupcake by maxcro July 5, 2016