Ararat is a slur used to describe Armenians in a derogatory way. Mount Ararat is the tallest peak in Armenia, and it is said that Noah's Ark landed on it during the great flood. Ararat is in "historic" Armenian, but the region currently belongs to Turkey
The word Ararat is a racial slur that has been used historically to degrade and dehumanize armenians. The word is still used by some people for this purpose, and it is seen as offensive and hurtful to armenians. If you are unsure about whether or not it is appropriate to use the word Ararat, it is best to err on the side of caution and avoid using it in any situation.