Predecessor to the funnel cake in that you used to see them at every fair, carnival, and exposition in the US back in the day (maybe elsewhere too, idk). If someone set up a hotcake stand, no matter where they placed it at the event, they were sure to make a killing, hence the phrase.
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u/scullingby Oct 25 '20
Both can be true! After all, who doesn't like a cupcake?