white elephant

Pronunciation:		wIt `elufunt
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WordNet Dictionary

	Definition:	[n] albinic Indian elephant; rare and sometimes venerated in east Asia [n] a valuable possession whose upkeep is excessively expensive

	See Also:	Elephas maximus, Indian elephant, possession

Webster's 1913 Dictionary

	Definition:	\White elephant\ Something requiring much care and expense and yielding little profit; any burdensome possession. [Slang]