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Jyutping baak6 wan4 cong1 gau2
Pinyin bái yún cāng gǒu

Definitions (Wiktionary)
  1. phrase, idiomatic
    freakishness; changeable and strange; changes in human affairs often take freakish forms
    (syn.) 白衣苍狗, 白衣蒼狗

白雲蒼狗 [-云苍-]

Jyutping
Pinyin bái yún cāng gǒu

Definitions (CC-CEDICT)
  1. lit. a white cloud transforms into what looks like a gray dog (idiom)
  2. fig. the unpredictable changeability of the world