Cake  —n. 1 mixture of flour, butter, eggs, sugar, etc., baked in the oven and often iced and decorated. 2 other food in a flat round shape (fish cake). 3 flattish compact mass (cake of soap). —v. (-king) 1 form into a compact mass. 2 (usu. Foll. By with) cover (with a hard or sticky mass).  have one's cake and eat it colloq. Enjoy both of two mutually exclusive alternatives. A piece of cake colloq. Something easily achieved. Sell (or go) like hot cakes colloq. Be sold (or go) quickly; be popular. [old norse]