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1.
derogatory term for a person of Middle Eastern/East Indian descent.

"The downtown cabbies all seem to be rug riders these days."
by polo November 06, 2003
 
2.
Derogatory term for a lesbian. See also rug muncherand carpet muncher.
Rosie O'Donnell is a loudmouthed, lipless, whiney rug rider.
by Dan Wang November 08, 2003