(v.) To describe a situation, item, or position as better or more desirable than a person with a disinterested standpoint might contend. Often people will use this term either to make an item more attractive for sale or downplay the risks or dangers of a situation or position.
> Randy: Hey, check our my '86 [Yugo]. Slick-shifting four speed, [Eastern Europe]an engineering, easy to service. All yours for $11,000.
> [Brooklyn]: You're [candy coat]ing the situation. Bald tires, [mad] rust spots, sagging shocks -- this car is a [piece of crap].