You make a felt cake, then put velcro on the stuff to decorate it...adorable idea for a gift for a kid.
Chocolate Strawberry Cake Tutorial by ~li-sa on deviantART
How to make the little felt creams (for topping felt cakes, puddings and tarlets, etc)
Food Sewing Patterns on Craftsy | Learn It. Make It.
Felt cake tutorial
Japanese Craft Pattern Book Felt Food Cake Sweet Bread | eBay
Swiss Roll Cake Pattern... by ~SongAhIn on deviantART http://handcraftpinterest.blogspot.com/
Felt Cake frosting tutorial
Free Felt tutorial--Cream 05 by fairyfox, via Flickr http://fairyfox.wordpress.com/2011/01/14/free-felt-tutorial-how-to-make-felt-cream/