Perm Sperm is a slur used to describe Whites in a derogatory way. Meaning they are forever white, since they were a sperm to when they were born through their entire live they stay white like a sperm.
The word Perm Sperm 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 Perm Sperm, it is best to err on the side of caution and avoid using it in any situation.