A unified theory for the conductance of an infinitely long multimode quantum wire whose finite segment has randomly rough lateral boundaries is developed. It enables one to rigorously take account of all feasible mechanisms of wave scattering, both related to boundary roughness and to contacts between the wire rough section and the perfect leads within the same technical frameworks. The rough part of the conducting wire is shown to act as a mode-specific randomly modulated effective potential barrier whose height is governed essentially by the asperity slope. The mean height of the barrier, which is proportional to the average slope squared, specifies the number of conducting channels. Under relatively small asperity amplitude this number can take on arbitrary small, up to zero, values if the asperities are sufficiently sharp. The consecutive channel cut-off that arises when the asperity sharpness increases can be regarded as a kind of localization, which is not related to the disorder per se but rather is of entropic or (equivalently) geometric origin. The fluctuating part of the effective barrier results in two fundamentally different types of guided wave scattering, viz., inter- and intramode scattering. The intermode scattering is shown to be for the most part very strong except in the cases of (a) extremely smooth asperities, (b) excessively small length of the corrugated segment, and (c) the asperities sharp enough for only one conducting channel to remain in the wire. Under strong intermode scattering, a new set of conducting channels develops in the corrugated waveguide, which have the form of asymptotically decoupled extended modes subject to individual solely intramode random potentials. In view of this fact, two transport regimes only are realizable in randomly corrugated multimode waveguides, specifically, the ballistic and the localized regime, the latter characteristic of one-dimensional random systems. Two kinds of localization are thus shown to coexist in waveguide-like systems with randomly corrugated boundaries, specifically, the entropic localization and the one-dimensional Anderson (disorder-driven) localization. If the particular mode propagates across the rough segment ballistically, the Fabry–Pérot-type oscillations should be observed in the conductance, which are suppressed for the mode transferred in the Anderson-localized regime.