cake pimp
gaydemon > dictionary > cake pimp
cake pimp | A pimp, that is considered to NOT BE very successful in their trade / profession.
Meaning
Slang for a pimp who barely has his lifestyle paid for, by the sexual activity of those in his control, of his bevy of Prostitutes.
There is no gender basis, but it is generally associated with straight men, that have female prostitutes working for them.