A term coined by Cindy B. Gilbert to describe a broke man attempting to be a sugar daddy.
(Other artificial sweetener brands suffice as well for this term.)
Jessica: Hey did you here about that gold digger dude Michael's dating?
Cindy: Ha, Michael having a bae.. funny...but seriously bro, no worries there, Michael is such a Splenda Daddy.
Jessica: Whaddya' mean?
Cindy: Everyone knows Michael's broke af.
A daddy (straight or gay older male with father like attributes and/or likes to sleep with younger individuals) that claims to provide financial support for love and attention, however does not meet the financial prerequisites to provide substantial sugar
a younger version of a sugar daddy, a wanna-be sugar daddy, a sugar daddy in the making, or a guy who's not quite a sugar daddy b/c of lack of disposable income
girl #1 "So, he's flying you all the way to Miami just to see him for the weekend?"
girl #2 "Yeah, can you believe it? But he's not flying me first class..."
girl #3 "So what? It's gotta be nice having a splenda daddy!"
She was all excited that she had finally landed a Sugar Daddy until he rolled up in his Accord. It was then she realized she had landed a Splenda Daddy, instead.