If you are making a two layer cake, freeze cake for 2-3 hours, then trim the top of the cake and slice in half using a large serrated knife. If using a single layer, freeze, then simply trim the top to flatten.
For a potluck-friendly cake that can travel, return bottom (least flat and attractive) cake layer to pan, add a layer of frosting. If your cake is staying home with you, you can simply place it on your cake plate.
Next, if you are making a double layer cake, add the second cake layer, and a final layer of frosting. Frost the sides of the cake if serving on a cake plate.
Use offset spatula to divide cake into 16 pieces. If using pecans to decorate, scatter around edges (instead of pecans, you could also pipe shell or star pattern around edges). Chill 30 minutes to set.
Tint leftover frosting orange and place in piping bag. Using kitchen shears, cut gum drops into small pieces.
Pipe a carrot onto each slice, and add green gum drops to represent carrot leaves.
This cake may improve the next day. Definitely keep any leftovers (if you have any) covered with plastic wrap in the refrigerator.