Old Fig is a slur used to describe Whites in a derogatory way. Figs are white cookies; used by the infamous "Word Association" skit on Saturday Night Live with Chevy Chase and Richard Pryor
The word Old Fig 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 Old Fig, it is best to err on the side of caution and avoid using it in any situation.