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A “sugar daddy” that is either broke, or does not live up you ones’s expectations.
Chad is such a Splenda Daddy, he couldn’t even afford to buy me a knock-off Gucci purse.
An old man, similar to a sugar daddy, except he has a diet bank account, and leaves a bad taste in your mouth.
“What would $40 bucks get an old man like me with a girl like you? I also got a bottle of scotch, and a room at a motel 6. Let me be your Splenda daddy”