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A slang way to say you’d rather eat a whole cake than deal with someone’s messy love life. It’s basically the ace version of saying 'I’d rather be dead than deal with this.'
'I’d rather have cake than watch you two fight over the last piece of frosting.'
'I’d rather have cake than listen to your love problems at 3 a. m.'
'I’d rather have cake than try to explain why I’m single at the family reunion.'