WordReference Random House Learner's Dictionary of American English © 2025
ˈwhite ˈel•e•phant, n. [countable]
  1. a possession that is no longer wanted by the owner but is difficult to sell or dispose of.
  2. a possession that requires spending beyond its worth or value.

WordReference Random House Unabridged Dictionary of American English © 2025
white elephant, 
    1. a possession unwanted by the owner but difficult to dispose of:Our Victorian bric-a-brac and furniture were white elephants.
    2. a possession entailing great expense out of proportion to its usefulness or value to the owner:When he bought the mansion he didn't know it was going to be such a white elephant.
    3. Mammalsan abnormally whitish or pale elephant, usually found in Thailand;
      an albino elephant.
    • from the perh. apocryphal tale that the King of Siam would award a disagreeable courtier a white elephant, the upkeep of which would ruin the courtier 1850–55

Collins Concise English Dictionary © HarperCollins Publishers::
white elephant
  1. a rare albino or pale grey variety of the Indian elephant, regarded as sacred in parts of S Asia
  2. a possession that is unwanted by its owner
  3. an elaborate venture, construction, etc, that proves useless
  4. a rare or valuable possession the upkeep of which is very expensive
'white elephant' also found in these entries (note: many are not synonyms or translations):

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