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white elephant 

a project/venture/possession whose cost of maintenance is way higher than its rating of usefulness.
the freedom tower in NY is currently a major example of a white elephant, they could have just built the WTC Twin Towers II instead.
white elephant by jackass25 June 14, 2010

the elephant 

1. Someone in the hood that is big and powerful. Not a bully, but nobody get's them mad.

2. Someone who always has products in their trunk. Have product will travel.

3. Never forgets a customer.
" I am the dopeman, they are the trap boys, I am the Elephant!"

"there go the elephant, he always got somethin in his trunk, CD's, Dvd's, clothes, dime bags, etc"
the elephant by Trinide April 27, 2007

the elephant 

While "mooning", instead of showing just plain 'ol bare ass, you position your cock and balls in between your legs out the backside to represent the face and trunk of an elephant.
Henry: "Yo, moon that fucking butt slama!"

Charles: "Nah fuck that, he's getting the elephant"
the elephant by Ceezay December 20, 2004

Reverse Elephant

You start by pouring the coals to your signicant other from the most sought after position (you know what I'm talking about, all our favorite, the beloved doggy-style)....Then just before you release your pecker-snot, reach back from behind and through your legs and grab your stiff cock and pull it down and jam it in your ass parting your balls in the process giving them the striking resemblance of elephant ears. And finally, you commence this patented manuever with filling your own bowels up to your balloon knot full of your own love-gravy!
I was bangin your girlfriend the other night, when I felt the sudden urge to try and pull off the reverse elephant...I realized it was awesome after regaining consciousness from blacking out!
Reverse Elephant by Chauncy D September 21, 2009

White Elephant 

A valuable item or act that requires expencive upkeep. Often the upkeep is not worth it.
The war on terrorism is a large white elephant.
White Elephant by Halfofone July 10, 2005

Red Elephant 

The act of having sex with your girl while on her period and your pelvic area is covered in blood. Which resembles an elephants ears and trunk...
It was that time of the month for my girl and after sex i had a red elephant.
Red Elephant by Farside420 December 20, 2017