A costly and troublesome hallucination which nobody wants to mention.
It's also an intentionally confusing combination of the expressions "white elephant", "pink elephant", and "elephant in the room", which are now being conflated on the internet.
K: It was the pink elephant in the room.
B: You mean "elephant in the room"
K: No, I mean pink elephant in the room
B: I don't think that's a thing.
K: So what's a pink elephant?
B: Maybe I'm confused with a white elephant?
K: googles it
K: Look! It's on Urban Dictionary! I win.
B: This is the white and pink elephant in the room.
K: I think you're hallucinating.
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