1) To be beaten by an overweight, Middle-Eastern old man.
2) To be owned in any fashion.
3) A term used by gamers in Saudi Arabia when they get 396 kills with one predator missile.
"Bitch! If you don't get the fuck back to the kitchen and put on your burqa, Imma rasheed you!"
"Dude, I was playing Modern Warfare 2, and I totally rasheeded these guys by suicide bombing them"
"Boy, you just got rasheeded!"