A slang term with the root of "Rizz", a slang term short for charisma, or the ability to charm a person, typically a girl.
This is joke term used to define someone charismatic, or one with "Rizz", usually in a comical way. This is a play on the 1939 film "The Wizard of Oz".
Sure enough, as the Rizzard of Oz walked into the room, all the girls turned to check him out.