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The eraser-sized spot (assuming it isn't a chip in the paint) is probably the size of a dime. You just can't see the problem yet.
There is no quick, invisible fix. In other words, no magic wand. Sanding until you have clean metal and properly matching the paint is the only way to eliminate the rust problem.
Rezvani's Latest Post-Apocalytic Monster Is a Ford F-150 Raptor Underneath
Slideshow: Called the Fortress, the 850-horsepower pickup combines Raptor underpinnings with military-inspired features, survival equipment, and a starting price of $285,000.