Sounds about right considering the Wiki page states something similar:<p><i>The term white elephant refers to a gift whose maintenance costs exceed its usefulness. While the first use of this term remains a matter of contention among historians</i><p><a href="https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;White_elephant_gift_exchange" rel="nofollow">https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;White_elephant_gift_exchange</a>