It is a general term used to call someone a faggot and has the same meaning.
"Hey you Rishi" says a person to another person who the person wants to insult.
A Rishi is someone who even if you weren't gay you would totally do it with because he's soooooo hot, and sexy with his chiselled jawline and six pack
Most dumb guy eve r .He is a lesbian. Always show off . No talent .Waste !Waste! Waste!
Gali Gali meh shor heh Rishi aek chor heh
Going missing from somewhere you are supposed to be. Usually to your own detriment, 'To Rishi'
Usage example;
1 - "He did a Rishi from school yesterday and missed the test"
2 - Last minute disaster on a Friday shift, well "Let's Rishi" and head to the Pub.