When you're sad and broke but you are a sugar daddy anyway because you keep giving your money away to spoil someone
It's kinda like when you want to call someone a baddie but they ain't a baddie, they a saddy
"My bf and i are broke but he won't stop gifting me things i said i wanted"
"Omg, he's such a sugar saddy"
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"I will buy you anything you want even though I barely have any money and i have to work very hard for it, but i'm doing it for you to be happy"
"you're a sugar saddy"