According to the search results, "Champagne confetti" has multiple meanings:

1. It is a type of confetti typically used to mark special occasions and more specifically those at which champagne is served. They can be used for a wide variety of happy occasions, including weddings, birthday parties, and more. Since champagne is linked with celebrations, the word champagne is used here to connote an air of luxury and joy.

2. It is a slang term used in English to refer to female ejaculation. The comparison is made because of the way champagne sprays out when a bottle is opened, resembling the release of bodily fluids during an orgasm.

3. It is a word used to describe a woman having an orgasm.

It is important to note that the term "Champagne confetti" may have different meanings depending on the context in which it is used.