Elvis is a slur used to describe Whites in a derogatory way. Used by blacks to describe a white person doing black things, like Elvis did with black music. Eminem is referred to as "Elvis" in the film "8 Mile"
The word Elvis is a racial slur that has been used historically to degrade and dehumanize whites. The word is still used by some people for this purpose, and it is seen as offensive and hurtful to whites. If you are unsure about whether or not it is appropriate to use the word Elvis, it is best to err on the side of caution and avoid using it in any situation.