There's this white fleshly-like that's like peeking out of my vaginal hole. any idea what this is?

Rugae: Most likely, this is some normal, redundant vaginal tissue. if you develop any symptoms (bleeding, itching, soreness, etc...) or are just concerned, better to get it checked out.

Vaginal problem: Is this something new or have you had the problem a long time. Is this painful or inflammed? Are you now sexually active or did you injure yourself in any way? Please give move information. This may or may not be a problem.