I've only ever known "ricing" as a semi-racist term for people with no money who got inspired by the early Fast and Furious movies in the 2000s; stuck a bunch of cheap junk on their Asian commuter cars like fiberglass body kits and fake turbos, in an attempt to make them look fast and sporty.

Ricing out your car isn't as popular as it used to be in the 2000s, but I still see the occasional Toyota Tercel with a giant fake carbon fiber wing and fart can exhaust sputtering down the road. Underglow seems to be making a big comeback too.