Paraphrase(From Baidu Baike):
"White Moonlight" usually refers to a person or thing that is elusive in the heart, has always been loved, but cannot be touched.
Source(From Baidu Baike):
The word "White Moonlight" first came from Zhang Ailing's novel "Red Rose and White Rose": "Maybe every man has had two such women, at least two. Marry a red rose, and over time, the red one has changed into a wall. If you marry a white rose, the white one is a grain of rice sticky on your clothes, but the red one is a cinnabar mole on your heart."