What does the phrase "have your cake and eat it too" mean to you? I think the general consensus is that it means that everything works out for you but it's had multiple interpretations and implied meanings over the course of it's use. It also means "You can't have the best of both worlds" or refers to somebody who tries to milk something for all it's worth. Have one's cake and eat it too - Wikipedia, the free encyclopedia Do you think it's possible to have your cake and eat it too, in the sense that everything works out in the end, or do you think there will always be something missing? Answer according to how you interpret the phrase.