Smell that cake!

a term made in St.Helens, England.
Basically it is an insult to one who has a "cakey shitter" from eating too much cake.
If you are told to "Smell that cake!" you should feel ashamed as it is the ultimate burn.

Sean: Kyle Smell that cake!
Kyle: Shut up!
Rest of the class: Whey!

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Smell the cake

A celebration gone bad. When an actual cake is used, the suggestion is to smell the cake, then the recipient of the cake has their face pushed into it.

Jerry bought a Porsche thinking he had a promotion in the bag! Instead he got fired. Time to smell the cake.