Term meaning Rear Wheel Drive, opposite of fwd. Usually results in better weight distribution and improved handling for the vehicle because the whole drivetrain is not cramped towards the front.
Also means that as the vehicle accelerates and the weight shifts to the back, traction improves. Contrast this with fwd where the weight shifts off the front wheels causing spectacular yet idiotic burnouts.
Yeah, it's got a 350 with a stick and rwd. It'll blow the duct tape off any rice burner.