A euphemism for not getting any sex, and possibly doing another activity (ie: stress baking) to relieve the stress of celibacy.
Cindy: What's up, Jon?
Jon: Just hanging out, baking cupcakes.
Cindy: Oh, I love cupcakes! Save me some!
Jon: That's not what I...oh, never mind. Wanna do it?
Cindy: Not really
Jon: Then I guess I'll keep baking cupcakes.
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Smoking mad weed.
Baking out.
You get it,
"Livvie and Trixie are going out to bake some fine cupcakes, wanna join them with me?"
"YEAH those chicks are sooo cool"
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