Let $V$ and $W$ be $K$-modules, where $K$ is a commutative ring. Then given a function $Q: V \to W$ which is homogeneous of degree $p$ (i.e. $Q(tv)=t^pQ(v)$ for all $t \in K$) we can write down its polarization $$m: V^p \to W$$ (as shown in the nLab article or this MSE question) such that $m \circ \Delta = p! Q$ where $\Delta: V \to V^p$ is the diagonal map. In the nLab article they state that
So defined, $m$ is manifestly symmetric, but it might not be multilinear just because $Q$ is homogeneous (except for $p=1$); instead, we define a homogeneous polynomial of degree $p$ from $V$ to $W$ be such a homogeneous $Q$ such that $m$ is multilinear.
I'm curious if there are some simple examples of homogeneous functions such that their polarization fails to be multilinear.