Term coined by Blacks to describe a White woman addicted to the sensation of breaking a taboo through interracial intercourse. Just as pedophilia is addictive, so is interracial intercourse. Hence the phrase, "Once you go black, you never go back."
Dat White girl love duh degradation of being black owned so bad we got her ass on lock down.
Usually stated to a women, of any given race other then black. Black men typically consider white girls who really like black men to be 'black owned' because of their "cravings" for a black men.
Black Man: (speaking to a white woman) You really like black guys don't you?
White Woman: Yes I do they turn me on alot and I never get bored with them.
Black Man: That is because you are black owned.