It may well be a piece of cake (4)
I believe the answer is:
slab
'piece of cake' is the definition.
(large slice of cake)
I cannot understand how the rest of the clue works.
Can you help me to learn more?
(Other definitions for slab that I've seen before include "Piece of paving" , "Broad, thick piece of wood, stone" , "Hunk" , "24 tinnies [STRINE] < in a wooden hut [STRINE]" , "Thick flat piece of stone" .)