look up any word, like cleveland steamer:
 
15.
1. A Republican.
2. The shitty economy Republicans always give to incoming Democratic presidents.
Neotard: Obama is incompetent because he didn't fix the economy overnight. Baba booey baba booey baba booey.

Intelligent person: Relax moron. It took eight years to get this way. It'll get better. Bush gifted a white elephant just like his daddy did before him.
by theconcernedcitizen July 31, 2009
 
16.
Gesture created by turning out one's pants pockets, releasing the zipper and then exposing one's flaccid chode in an entertaining fashion, so as to resemble an elephant's trunk.
"Oh my God Tom, not the White Elephant again, nobody wants to see it, put that thing away."
by Fatboy May 13, 2003
 
17.
When you cum on a beer bottle and stick it up a girls ass.
I had an awsome night last night, i gave Melissa a White Elephant
by Fonzy February 17, 2005