Disclaimer: This deck is now many years old now, I've been debating on deleting this deck and completely redoing it since there's so many better options on Arena now.
After playtesting this deck on Arena, and having a lot of fun surprising people and getting a good amount of wins, I feel safe enough posting this deck here. My own take on rakdos aristocrats!
The #1 mvp of this deck is Makeshift Munitions + Reassembling Skeleton
This single combo alone is your bread and butter, and it only gets better when you can resolve cards like Judith, the Scourge Diva, Pitiless Plunderer, or Open the Graves.
Always try to leave up mana for your opponent's turn. They try to use Moment of Craving or Vraska's Contempt on one of your creatures? Sacrifice it to Munitions, ping them for 1, and deny them lifegain! Maybe just a regular Cast Down? Might as well sacrifice to Munitions, get that 1 damage in! They do nothing? Return Reassembling Skeleton to the battlefield on their end step and continue your meat grinding!
Pitiless Plunderer might seem like a weird choice, but combined with Munitions it's surprisingly effective. Late game you can churn out a lot of treasures just cycling the skeleton, and you can extend your ping combo by using the treasures to pay for more sacrificing and recursion. Or, in desperate times, Makeshift Munitions also works with artifacts, so you can sacrifice your last treasures for that last bit of chip damage. (side note, Costly Plunder also works on treasure tokens!)
And of course there is more traditional ways to get in damage here. Between Footlight Fiend, Fireblade Artist, Goblin Instigator, and Judith, you can have a pretty traditional beatdown in-between the sacrificing too.