What is "cake-eaters"

Usage examples of "cake-eaters".

It reminded her of a fifth-hand Model-T Ford that he and four other young cake-eaters had bought for seventy dollars in Baltimore and had driven half across the continent-no lights, no brakes (the reverse had to serve), no driving licenses (unheard of), no instruments, no nothing.

It reminded her of a fifth-hand Model-T Ford that he and four other young cake-eaters had bought for seventy dollars in Baltimore and had driven half across the continent—no lights, no brakes (the reverse had to serve), no driving licenses (unheard of), no instruments, no nothing.