Have you ever seen the “Seinfeld” episode called “The Frogger?” If so, you may recall that Elaine eats a piece of cake that she finds in J. Peterman’s refrigerator. To her chagrin (and intestinal discomfiture), she later learns that the piece of cake was worth $29,000. It was from the 1937 wedding of King Edward VIII of England. It was a loan, both personal and highly embarrassing, to the annals of television sitcom history.

Name your price, cake

An antiques fair in Birmingham put the piece of wedding cake up for auction at 145 pounds ($215). Will it sell for as much as Peterman paid for his cake? Will the buyer need a mortgage loan modification afterward? Who knows. But the cake does appear to be authentic. The dealer bought the piece from a private seller who is a confirmed descendant of a noble family from Kent.

The slice is one-inch thick and covered by protective parchment. According to reports, it is but a tiny part of the original five-foot cake served at Princess Louise’s wedding. The cake weighed over 225 pounds and took three months to make.

Controversial confection

Why? Because Princess Louise became the first British princess to marry a commoner. Apparently she wanted to stay far away from the stodgy ritual of being betrothed to a fellow noble. Plus, love may have had something to do with it.

Once the piece of cake sells at auction, what will the buyer do with it? Anything someone who would spend thousands on a piece of cake wants to do. However, here’s hoping they don’t make the same mistake as Elaine and eat the cake.

“We advise them not to eat a 138-year-old piece of cake,” said Amy Kiernan, a spokeswoman for the fair.

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