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Definition of white elephant noun from the Oxford Advanced American Dictionary

 

white elephant

 noun
noun
 
[usually singular]
 
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a thing that is useless and no longer needed, although it may have cost a lot of money The new office building has become an expensive white elephant. From the story that in Siam (now Thailand) the king would give a white elephant as a present to someone that he did not like. That person would have to spend all their money on looking after the rare animal.
See white elephant in the Oxford Advanced Learner's Dictionary