A costly and troublesome hallucination which nobody wants to mention.
It's also an intentionally confusing combination of the expressions "white
elephant", "pink
elephant", and "elephant in the room", which are now being conflated on the
internet.
K: It was the pink elephant in the room.
B: You mean "elephant in the room"
K: No, I mean pink elephant in the room
B: I don't think that's a thing.
K: So what's a pink
elephant?
B: Maybe I'm confused with a white
elephant?
K: googles it
K: Look! It's on Urban
Dictionary! I win.
B: This is the white and pink elephant in the room.
K: I think you're hallucinating.