Race
Inspired
Car
Enhancements

I'm pretty sure that's what I was told it meant. I think I got that from the same person who told me the meaning of SRT-4.

Super
Ricer
Transport
-
4 Seater

Then again, you gotta know the difference between Rice and Nice. There are some nice cars out there that most people classify as "Rice" just because they're Japanese or J-Body compacts.