The name you give your asshole when you are White. Generally used in a derogatory way.
See also:
Milk Chocolate Asshole
Dark Chocolate Asshole
That principal can suck my white chocolate asshole if he thinks I give two shits about what he just said!
Oh yeah, daddy! Lick my milk chocolate asshole!
I’m gonna shove my foot up your dark chocolate asshole if you don’t shut the fuck up!