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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.
red rug by Telephony February 9, 2020
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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.
red rug by Vincinerator January 26, 2010
Related Words

the red rug 

A hip place in town. Usually packed with younger generation scenesters
"That new jazz club is the red rug!"
the red rug by mark December 7, 2003
(v) 1. taking a subsequent dosing of medication. 2. getting re-high
"My buzz is wearing off. I'm going to have to redrug soon."

"What are you doing tonight, Christopher?" "Redrugging."
redrug by peppermintbloodkisses March 30, 2010