A man who wants to be a sugar daddy but is most definitely past his prime, cheep as hell, lies about being great in bed, and looks like your recently deceased grandfather.
Jessica: Hey did you here about thatgold 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