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1.
A verb phrase used primarily by black girls who A. 1) are crossing over to date white men, e.g. the newly converted American R&B singer–songwriter Toni Braxton, and/or 2) who love to date white men exclusively. B. In it's original and non-dating sense though it applied to individuals who use cocaine, e.g. the late, great American singer, songwriter, musician Rick James.
A. "Girl, that white man's so damn fine. Wait here with the brothas while I go play in the snow with him."

B. "Man, I'm got enough powder here to play in the snow forever."
by The Uptown Bandit November 18, 2011
 
2.
Phrase meaning to do cocaine
Those sorority girls love to play in the snow
by ufos8mycow June 26, 2007
 
3.
Is usually referred to a male of color in his pursuit of a white female, or having sexual intercourse with a white female.
"Jose, where did you and Madison go?"
"Well, lets just say I got to play in the snow]." ;]

"DeShawn' sure seems happy today."
"Yeah, he must have played in the snow last night."
by F-eli-X April 25, 2011
 
4.
v. This is a phrase meaning to mess with a white chick.
"Oh so you talkin' to Becky now? I see you like playin' in the snow..."
by Dutch84 April 13, 2005