rag week noun2 •(UK, Ireland) An annual event in many universities where students engage in unusual activities to raise money for charity.The only acting that looks like anything but rag week at a bad university is by Billy Hartman as a private detective. — 1982 •(slang, vulgar) The days of the month when a woman has her period.I wouldn't bother trying to get off with her – it's rag week. formsrag weeks