Whether or not you’ve heard of a white elephant gift exchange before, there’s a good chance you have the wrong idea of what it is, how it actually works and where the idea came from. According to legend, the King of Siam would give a white elephant to courtiers who had upset them. It was a far more devious punishment than simply having them executed. The recipient had no choice but to simply thank the king for such an opulent gift, knowing that they likely could not afford the upkeep for such an animal. It would inevitably lead them to financial ruin.
This story is almost certainly untrue, but it
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