In the post-US Civil War South, carpetbaggers were Northerners who moved to the South to take advantage of the unstable social, financial, and political climate. They were called "carpetbaggers" to imply that they were such poor, transient characters that they merely moved south carrying all their possessions in a carpet-bag. A carpet-bag, by the way, isn't a bag for carrying carpet, but a soft-sided suitcase or satchel made out of carpet.

Today, the phrase refers to someone who moves to a new location for opportunistic reasons.
Hillary is a carpet bagger.
by ScottRusty June 20, 2005
1. Purveyor of goods which are not what they purport to be, north american post civil war.

2. Politician striving for popularity in a remote ward.
'gather round for I have a panacea for all ailments such as dropsy, feeble spirit and malingerance' The tale of the carpet bagger, Mark Twain 1875.

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by Poppa D January 14, 2007
a fucking yank who needs to stay on his own side of the mason dixon line.
You see that carpet bagger done come down from New York?
yeah shot me that feller, gonna hang 'im on me wall over thar
by charlie daniels October 26, 2004
A married woman who routinely cruises gay clubs and hangouts for discreet female sexual encounters. She is typically unaware of pervasive subculture protocols.
Anne: Omigah! You have GOT to cut your nails and take off that promise ring before we go out, you look like a carpet bagger.
by elizabeth impossible December 19, 2008
Someone who shaves a hoe's pubic hair, puts it inside a ziplock baggy, and sells it on eBay.
man that carpet bagger made over 100k this year. hes got some good pubies
by Steve Hill November 1, 2007
an insult with no real meaning. Can be used for any occasion.
Shut up you fucking carpet bagger
by the_gr81 March 25, 2005
A pimp, a man who gets lots of pussy.
I'm bagged myself some carpet last night. Twice. And then once again in the morning.
by Bo December 4, 2004