To low ride is to wear your trousers(pants) low down, usually around the upper legs. Underpants are usually visible, but often long T-Shirts are used to hide it.
This term is used when a fucking douche bag wears their bottoms around their fucking ass. Originally, low-riding whilst in jail meant that you were 'keen' for a 'butt fuck'. Low-riding is highly common amongst gay fuck tards.
When one sits on the toilet with no seat down so as to sink into the toilet bowl as much as possible to have his/her buttocks closer to the water line, thus reducing the risk of a water splash-back incident (also known as a "fitzgerlad")