(US slang) A well-off person who indulges himself or herself; a playboy.
1956, Joseph Caruso, ''The Priest, ISBN 0405108214, page 158:"Nowadays, these cake-eaters all died young. They had no teeth. They all went to doctors who fixed teeth. But still they died young and without their teeth."
2004, Zac Unger, Working Fire: The Making of an Accidental Fireman, page 8:"'... We got us a cake eater, right here at the sink!' He turned to me. 'Have you ever had your hands dirty, new kid?'"
