The new WASP of today is actually White American Straight and has a Penis, as this audience is typically the default normative of most social and media presentations in America today, with all other groups being labeled as abnormal deviations.
Rarely does anyone bother to expressly state that something is created by, for, or composed of "red-blooded American Caucasian males" or "typical American White Guys" because such is the naturally assumed default. However, if the creation deviates from this it will most likely be labeled as such. If something is created by, for, or composed of blacks, foreigners, gays, or females it will almost always be noted because it is a deviation and not the assumed social / media default.
2) people who usually come from privileged background, typically in the New England area
3) abbreviation for Williams, Amherst, Swarthmore, and Pomona (the top four Liberal Arts Colleges in the nation. Strangely, those colleges are full of WASPs themselves)
2) George W. Bush is a WASP
3) Dukkakis went to a WASP college
credit to jamie burchfield :)
Descendants of colonial-era immigrants from the British Isles--especially England, but also from Wales and Scotland (irrespective of the fact that Scots and Welsh people are predominantly descended from Celts, not descendants of Angles and Saxons)--who belonged to the Presbyterian, Congregationalist, and Episcopalian (Anglican) denominations of Protestantism.
The term is redundant because all Anglo-Saxons are white.