According to the search results, the meaning of "champagne confetti" can vary depending on the context. Here are the different meanings found:

• Slang for female ejaculation: In some contexts, "champagne confetti" is used as slang to refer to female ejaculation.
• Multicolored pieces of paper thrown into the air at a celebration: In a more literal sense, "champagne confetti" refers to multicolored pieces of paper thrown into the air at a celebration, often used to mark special occasions where champagne is served.
• Figurative or poetic term: In some cases, "champagne confetti" is used in a metaphorical or poetic sense to describe a celebratory or extravagant moment or event.

Its important to note that the slang meaning of "champagne confetti" is not appropriate for all audiences or situations, and its always important to consider the context and audience when using any term.