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What is a gravy train?

What is a gravy train? Here are some definitions.

Noun
  1. (idiomatic) An occupation or any lucrative endeavor that generates considerable income whilst requiring little effort and carrying little risk.
  2. (politics) A gorging on luxuries, since someone else foots the bill.
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Examples
Everyone knows that getting a Government contract is often looked upon as a financial gravy train.
Let them figure out how to keep the hotheads from spoiling the gravy train.
I went to grad school, a move that both ended my ride on the industry gravy train and robbed me of disposable income for a number of years.
It's nothing more than a gravy train for big business to make huge amounts of money from the public purse!
My reasoning was that nobody wanted to shut down the gravy train of consumer spending that was propping up this economy.
While stockmarkets yo-yo around the world, the gravy train is picking up speed in one sector of the economy.

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