A cake eater actually refers to Edina, MN, saying the people in it are so rich they can have their cake and eat it too. It could also refer to rich white suburban kids in general, too. And BTW- Mighty Ducks was filmed in Minnesota, so he's probably literally calling that kid a cake-eater from Edina.

In Minnesota this goes as follows:

Usually used as a derogative term for calling a person of wealth a spoiled 'you have it too easy' piece of shit brat!

Usually called to rich kids who drive BMWs and Mercedes-Benz's and get their college and college housing totally paid for and also get a hefty monthly allowance that's so great that they have absolutely no need to work in order to maintain their lavish lifestyle. This is a cake eater.

Synonymous with calling someone: Spoiled rich little fuck!

A person from Edina, MN. Used because normal people only eat cake on their birthdays or for some other special occasion, while people from Edina eat cake for breakfast because they think they're better than everyone else.

EDINA MINNESOTA HOCKEY KIDS........Enough said, It's a common term used mostly by hockey players, who play "Rich" or "Wealthy" kids from the rich suburbs of Edina, Bloomington Jefferson...ect. It's derived from the Movie "The Mighty Duck's" it's pretty much where it started.

Cake eater comes from the often misunderstood and misattributed phrase, "Let them eat cake!". Many say it was spoken my Marie Antoinette while others say the quote was originally attributed to Maria Theresa of Spain. Supposedly during the French Revolution when the hungry french were begging for bread to eat Marie replied with "Let them eat cake."

According to Wikipedia, it is in reference to "oven cake" which was used to clean out the brick ovens when too much soot and creosote built up; therefore she was saying "Let them eat crap," because she could care less about their hunger.

As the phrase has been misunderstood, many believed that she was saying, "Let them eat cake"; meaning, if they have no bread then let them eat cake, as her wealth and privilege did not allow her to understand that if the poor could not buy bread then they could also not afford cake. Because of this understanding people not of the bourgeoisie refer to the upper class as "cake eaters", people who are so wealthy and clueless of the difficulty that being poor can bring.

A derogatory term used by Southern and Eastern European immigrants in the first half of the 20th Century to describe Anglo-Saxon, WASPy Americans who knew little about good hearty food or ingredients.

A term used by Southern and Eastern European immigrants of Catholic descent to describe the stiffness and manner of Americans of English and/or protestant descent.

one who carries on at least one adulterous to his or her primary relationship with no plans to end either relationship; from the expression "to have one's cake and eat it, too" referring to someone wanting to have something both ways