A young man (usually in his early to middle 20s) that older women would find attractive and would want to spend their alimony/divorce settlement money on. The term coug candy is relevant in social settings; especially nightclubs, bars, and restaurants in Scottsdale, Arizona.
I hate going out to the club with Sheldon, he's coug candy and I don't want a bunch of old broads flocking towards me.
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