It literally means "foreigner", but its actual usage is only to refer to non-Asians (i.e. Black people and White people).

- Victor Jianfei Ye

老外 is not formal word for foreigners

- Alex Wen

Laowai is foreigner

- 安妮达 

老外是外国人。。

- Anil Sharma

Yes those people's living out of country it's mean

- Zhou Ying

Foreigner 的意思

- Thavarajah Chandru

Foreigner 来自外国的人

- Naglaa Ashour 

大鼻子

- Amal Heennilame

除中国人以外的人称为老外

- 李仁熙

歪果仁

- Draven Shine Wyatt 

Foreigner

- Tom Ge 

Étranger

- B-Råh Kēnn's Kénnÿ