What the famous red carpet actually is -- a rug rather than a carpet.

A carpet, by definition, is a permanent cloth floor covering; while a rug is a temporary floor covering which can be removed & replaced whenever desired.

So when they're "rolling out the red carpet" for the Oscars, they're actually rolling out the red rug because it is rolled back up & removed when the awards ceremony has finished.
The “Little Women” director and Baumbach, her partner — and the director of “Marriage Story” — arrived on the Oscars red rug with a whopping 12 nominations between them.
by Telephony February 10, 2020
Get the red rug mug.
The menstruating splatter matted into a hairy woman's thick pubic mat because she forgot to buy tampons.
Martina got a heavy flow this month. She was sporting a nasty red rug in the locker room. Someone hose down that bitch's vag dreads.
by Vincinerator January 27, 2010
Get the red rug mug.
A hip place in town. Usually packed with younger generation scenesters
"That new jazz club is the red rug!"
by mark December 7, 2003
Get the the red rug mug.