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1.
The RiverRat Project is a ridiculously over-engineered waste of money by the extremely over-rated MIT Engineering Department.

In general use, it can describe any project containing large amounts of pork: i.e., unnecessary expenses.
Did you hear about NASA's new $10 million Toilet-Seat-That-Wipes-Your-Ass-For-You program? Man, what a total RiverRat Project!
by furtim December 16, 2004