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1.
noun
1. Sexual discrimination based on race in a personal ad (internet) specifically

2. To a lesser degree, sexual discrimination based on race stated verbally
Ad: Looking for intelligent, sexy and fun. No blacks and asians. I will not respond to your messages.

This ad is sexually racist
by disBda1 May 27, 2004
 
2.
A banal term, coined and used by those who are intolerant of other peoples preferences, which is used to stigmatise and humiliate people whose sexual preferences happen exclude the accuser.
Anyone who isn't attracted to Asian guys is guilty of sexual racism.
by ambloth March 30, 2010