A slice/share of the cake Definition 1 of 2Pro Tip 1/3Figurative Meaning The 'slice of the cake' refers to benefits, and not actual cake. Once the invention succeeded, she knew she'd have a slice of the cake. Pro Tip 2/3Success Rewards The phrase often implies a reward for contributing to a success. All team members will receive a slice of the cake for their hard work. Pro Tip 3/3Equal Distribution It suggests everyone should get an equal portion of benefits. The profits were huge, so every employee got a fair slice of the cake.