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I have of heard "pink elephants" in two separate contexts. In the first context, the animated character Dumbo (from the Disney movie of the same name) saw pink elephants when he got drunk. In the second context, I have heard the term "pink elephant" used to describe something obvious that nobody wants to talk about. The Dumbo scene was particularly psychedelic and the musical accompaniment, "Pink Elephants on Parade" added to the surreal nature of the scene. Reminded me of LSD-induced Synesthesia. In business communications, when things are going in the wrong direction and the cause is embarrassing or uncomfortable, it can be very difficult to be the first person to speak up. In these cases, when everyone knows that there is a problem but nobody will speak about it, the problem might be called "A pink elephant in the room." Someone trying to raise the topic might say, "Now, let's talk about the big pink elephant that everyone knows about and fix this before it gets any worse."

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Q: Wipro gave a group discussion topic 'Pink Elephant' What is this Pink Elephant?
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