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A euphemism for the penis of a white guy that never gets laid. A person or one's penis earns this nickname, because, like the endangered owl, no one has ever fucking seen it.
Are you still calling your roommate Jordan's penis the "elusive white owl"?

Yeah, for sure. No girl wants to bone to a Grateful Dead soundtrack.
by AdvocatusDiaboli July 12, 2011
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