According to the search results, "Champagne Confetti" has two different meanings:

1. In English slang, it refers to female ejaculation.
2. In the context of the song "3D" by Jungkook and Jack Harlow, "Champagne Confetti" symbolizes something special and celebratory, combining the luxury of champagne with the festive spirit of colorful paper confetti often seen at joyful events.

Therefore, the meaning of "Champagne Confetti" depends on the context in which it is used.