I hear rug cutter and cutting a rug all the time here. They are still really popular phrases. Everytime there is dancing you hear that phrase around here. It is really common for someone going out (dancing or not) to say "we're going to cut a rug" or "we're going rug cutting"

This is a great thread thank you Azizi I am really enjoying it. I am a big word geek anyway. I read alot about word usage and formation so this is right up my alley.
Thanks