1. fairy story: princess under an evil spell who could be awakened only by a prince's kiss;
2. a person who is sleeping soundly;
3. a potential takeover target that has not yet been put in play;
WordNet (r) 3.0 (2006):
Sleeping Beauty
n 1: fairy story: princess under an evil spell who could be
awakened only by a prince's kiss
2: a person who is sleeping soundly
3: a potential takeover target that has not yet been put in play