The official documentation doesn't specify. I understand EOFError means "End of file error", but what exactly does that mean? If a file reader reaches the end of a file, that doesn't sound like an error to me.
EOFError is handy in all of IO, the class which is the basis of all input/output in ruby. Now also remember core Unix concepts: everything is a file. This includes sockets. So, if you have some socket open and are reading from it, an exceptional condition might be to encounter an end of file.
All the examples out there show trivial uses of EOFError (while reading some text file), which are not really useful. However, start digging through net/http or other classes which use sockets heavily, and you'll see this exception being used.
Edited to add this example from net/ftp
def getline
line = @sock.readline # if get EOF, raise EOFError
line.sub!(/(\r\n|\n|\r)\z/n, "")
if @debug_mode
print "get: ", sanitize(line), "\n"
end
return line
end