The phrase 'cakes and ale' is often used to describe a life of indulgence and pleasure. However, there are other synonymous phrases that convey similar ideas. One such phrase is 'wine and dine', which refers to the act of entertaining someone with extravagant food and drink. Another similar phrase is 'feast and frolic,' which suggests a celebratory atmosphere full of food, drink, and entertainment. Additionally, 'champagne and caviar' is another synonymous combination that denotes lavishness and luxury. Lastly, 'meat and mead' can be used to describe a more rustic or medieval version of this indulgent lifestyle. Regardless of the phrase used, they all imply a life of excess and enjoyment.