Equal treatment of all races and colors (Good). Sometimes used as a front for calling someone a racist(bad).
1. Hey Xing-Hou lets go play golf (Good example of equal rights).
2. Jim: Hey bob, your not very good at soccer
Bob: YOU RACIST BASTARD (bad Example)!
A phrase corrupted by racist shitheaps to mean exactly the opposite of what it says.
Dumfuck1: Dude, lets get benefits based soley on our skin color and call it equal rights!
Dumfuck2: Hell yeah! That's way easier than actually taking responsibility for ourselves!