1. In ice hockey, to attempt to run out the remaining time in a game by maintaining possession of the puck for as long possible. The team is notorious for ragging the puck whenever they take the lead.

2. By extension, to stall, postpone, or otherwise cause a delay by deliberately engaging in time-wasting activities. Primarily heard in Canada. Activist groups are claiming that the government has ragged the puck in relation to legislation that would better protect the environment. Quit ragging the puck, John, and make a decision already!