golliwog

/G AA1 L AH0 W AA0 G/
noun
  1. 1

    A rag doll or mascot in the form of a caricature of a black minstrel.

  2. 2

    (racist) A black person.

  3. 3

    A hairy caterpillar.

  4. 4

    A receiver of stolen goods.

  5. 5

    Greyhound racing: the jolly dogs.

Source: https://en.wiktionary.org/wiki/golliwog