But firstly, it's not cake it's bread, and secondly, the lard is spread on it BEFORE it's cooked so it gets this nice crispy crust on it. Like a really fresh doughnut but better.
Cholesterol? Mmmmmm yes, but sometimes things are worth it. You have to have 'some' cholesterol in your diet and there is no better way of getting it. Cut out hamburgers for a while.