It means when a female sucks up to another female for what ever reasons or when a male is sucking up to a female.
Jane: OMG Kate your outfit is so cute I love the designs and everything it goes well with your eyes and hair
Kate: Jane.........stfu stop pussy-riding jeez
Jane: How am I pussy riding????
Kate: ur sucking up to me because you know I get my true best friend awesome gifts like Puma shoes or Fenty Beauty or even concert tickets
Jane:..........oh okay
Kate: oh okay my ass gtfo out my face pussy-riding ass