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red velvet cake

n. A rich, sweet cake with a distinctive reddish colour.

Wikipedia
Red velvet cake

Red velvet cake is a chocolate cake with either a red, bright red or red-brown color. It is traditionally prepared as a layer cake topped with cream cheese or cooked roux icing.

Common ingredients include buttermilk, butter, cocoa, and flour for the cake, beetroot or red food coloring for the color.