Meaning that something is sweet and cool or nice at the same time. It's like getting a free lunch. Usually used as a response and
token of appreciation.
Can be used as a verb: Sweetcaking, having about the same meaning as chilling.
Taking it easy.
Etymology:
It
doesn't make sense for the native speaker, but it's somewhat influenced by me and my swedish friends native language.
-"You know what, she actually asked for you cell-number?"
-"Oh,
sweetcakes!"
-"Look here in the
manual, it describes how you
configure it."
-"Ah, sweetcakes."
"-Man, I was sweetcaking all day long so I missed the show."
-"What about hang around today, just sweetcaking...?"