Definition
A 'white elephant' is a possession that is burdensome and costly to maintain, far outweighing its usefulness or value. Originally, it alluded to rare albino elephants, once considered sacred in some Asian cultures. Giving one as a gift was a dubious honor, as the recipient had to care for it without being able to put it to work. Now, the term describes anything from a money-pit project to an unwanted gift. Think of it like that ugly sweater your grandma gives you every year – a 'white elephant' gift.