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hanging the elephant 

The act of punishing an animal, child or employee for actions brought about by poor training, poor parenting or poor supervision when there is no retribution for the trainer, parent or supervisor who caused the issue in the first place. The phrase is derived from the hanging of Mary the elephant in Erwin, TN in 1916.
Writing Johnny up for an attitude problem they've ignored for 10 years is like hanging the elephant.

gay elephant 

An extremely fat gay guy who loves to take it up the ass
Dude Eric is such a gay elephant
gay elephant by YELLOWMAN February 23, 2015

pink elephant wedding

A wedding where something is obviously very wrong, or out of place
Where everyone knows about it but no one will talk about it
In most cases the bride or groom is secretly gay
"Everyone but the bride knows the groom is gay. It's gonna be a pink elephant wedding!"

Golden Elephant 

A sexually explicit act involving two male participants, in which one participant is made to lie prostrate on a matt or other soft or spongy surface while the other partakes in an act of sexual urination on the first participant. Urination is typically undertaken systematically along the length of the body in a style reminiscent of an elephant's use of its trunk, thereby invoking the moniker. In the southern hemisphere urination typically proceeds from the bottom up.
"You owe me a Golden Elephant", "When are you going to give me that Golden Elephant that you promised?" or "When am I going to get my Golden Elephant", etc...
Golden Elephant by ZeHamster May 25, 2009

Yellow Elephant 

A Republican who says they support the troops, the president and the war in Iraq, yet insists on staying safe at home, urging others to do the actual fighting and dying. Derived from Operation Yellow Elephant, a program devised by Jesus' General, to encourage attendees at The Young Republican National Convention to enlist in the military. See OperationYellowElephant.com
The Yellow Elephant says we need to support our President and the troops, yet he refuses to go to Iraq because, "My war-supporting skills are needed more here at home." And with that he jumped into his Cadillac Escalade festooned with Yellow Ribbons and drove-off to cash his trust fund check from Mumsies.
Yellow Elephant by Iandb1 August 7, 2005

hung like an elephant 

Describes someone who possesses a massively oversized penis, usually accompanied by equally oversized testicles. Generally assumed to be larger than a donkey dick or horse cock/horsecock, as an actual elephant's cock can be up to five feet long.
"Tony's schlong hangs past his knees, he's hung like an elephant!"