Spherical cow is a metaphor for highly simplified scientific models of complex real life phenomena.[1]
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The phrase comes from a joke about theoretical physicists:
It is told in many variants.[2] In Russian, it is called a spherical horse in a vacuum,[3][4] from a joke about a physicist who said he could predict the winner of any horse race to multiple decimal points - provided it was a spherical horse moving through a vacuum.[5] In the TV show The Big Bang Theory a variation of the joke is told with spherical chickens.
The point of the joke is that physicists will often reduce a problem to its simplest form in order to make calculations more feasible, even though such simplification may hinder the model's application to reality.