What do you mean does it exist?
There is the coloquialism we use in general chat as somewhat of a joke, that you are maybe referring to.
But then there is the real thing. Hundreds of statues of various historic figures have been taken down, in the US alone, and many more worldwide. A handful in the UK that I've seen claimed. Naming plaques. Streets and places renamed. TV episodes have been taken off air and some entire shows cancelled or banned. Branding changed of multiple products. There are campaigns and applications to demolish whole buildings including museums and galleries, where they are percieved to have been built on any trade involving slavery.
May have peaked, but certainly was/is a thing.