They say that the three fingers make a "w", while the index finger and the thumb along with your wrist makes "p".
I don't know why people just want to be PC af. WP can mean so many things, why not "white powder", "wee penis", "well played" or "what's popping." If people want to be PC af why not "Women Power".
As a non-white person I think this is just bullsh*t
My white friend who did not know the PC meaning behind the ok sign got into trouble after using that on a music video about "Peace out 2020-21 school year."
