Possible Clues:

• ``You can't have your cake and ... ..' '
• Have a blast, with "up"
• Accept the loss, in slang
• ` `You can't have your cake and ... ..' '
• Grammy-winning Weird Al Yankovic song
• Absorb the cost, in slang
• 1984 hit with the lyric 'Have a banana, have a whole bunch'
• Suffer ignominious defeat, in slang
• Really enjoy something, with "up"
• Gloating comment