The term used to define three people, each of a different race of caucasian, black, and asian. They are very close friends and when together refer to each other as caublanasian. They are so cool that everyone wants to hang out with them. The term Can also be used to define a person of mixed white, black, and asian race.
"Hey look at those hot girls over there man!"
"Yeah one's white, one's black, and the other's asian!"
"Yeah, they're caublanasian!"
"Man...I wish I could hang out with them."
"Yeah, you wish"
Tiger Woods is caublanasian.