I don't think this word, with it's proper definition fits every single white high school kid who has a crush on his Asian American classmate, or every white dude that thinks Lucy Liu is a fox.
I don't think physical appearance is eveything though. I mean, there's personality, shared interests, etc. A girl can look like a total goddess in a photograph, but if she's a terrible person, she's a terrible person and I really don't want anything to do with her. I'd much rather be with a plain-looking girl with a charming personality and enough in common with me to sustain a conversation than a vision of loveliness who'se shallow and vindictive.
We're human, not commodities
also see: Anglophile (common amongst the japanese usually older independent japanese women preying on young white males for sex), inter-racial relationship, racial stigma, racism.
Sufferers may experience loss of interest in western life (post colonial angst) and in the worst cases have sexual fantasies of exotic interracial love.