Rapid Reload

 is a perk in Fallout: New Vegas.

Effects
Rapid Reload allows you to reload all your weapons 25% faster than normal.

The perk is very useful at close range, when you don't have time to reload. In contrast, the perk is much less useful for players who enjoy taking out their enemies at long range, as you usually have a lot more time to reload. This perk is also quite useful for weapons such as revolvers (suggested by the picture), or must reload after each shot (such as the YCS/186 Gauss rifle). Additionally, it's also useful for players who frequently switch between ammo types, minimizing the window of opportunity presented to the enemy

Bugs

 * Might randomly stop having an effect, slowing down your reloads to normal speed. It can return upon changing weapons.
 * Weapons like the Cowboy Repeater and Lever-Action Shotgun, any that don't reload with a magazine, sometimes have a period of time after reloading where you are unable to aim down the iron sights, enter vats, open you Pip-boy, or change weapons. This is probably due to a discontinuity between the animation of the reloading and the amount of time it actually takes.
 * On PC, this can be fixed by first clicking the LMB before attempting any of the actions. Be wary of the fact that - if you must reload in VATS - the cinematic animations will play out, but you will not attack as there is no way to interact once the events are set in motion.
 * You can also fix this in Steam by verifying the integrity of the game files. One will fail validation and be re-downloaded, only to be messed up again next time this bug happens. It is recommended that you do not take this perk or, at least, take into account the effect it has on the game.