Ragged dream meaning is explained below using 2 different sources. Each interpretation is shown with its source.

Interpretation 1 — Stephen Girard

To dream yon are in a ragged dress, and that you are suffering from privations, indicates that you will shortly be raised to a higher position in society.
Source: The Mystic Dream Book Author: Stephen Girard

Interpretation 2 — Margaret Hamilton

Desolate; research the type of fabric and the color
Source: Dream Dictionary Unlimited Author: Margaret Hamilton