A motorcycle that has been lowered, with it's frame chopped and streched. Can be a cruiser, chopper, or even a sport bike. The end result being, a sick looking ride. But with a very uncomfortable riding position.
"Dude raked out his chopper so much, he can only ride it for 45 minutes at a time. Because after that his arms go numb, and his back begins to hurt."
RakeStepping is the where a person or company keeps making the wrong decision no matter what they do.
The term was created by Ricky and Eliot at Internet Today and was used on an episode of News Dump. The term comes from the Simpsons Episode "Cape of Feare" when which Sideshow Bob keeps sanding on rakes no matter what turn he makes.