Past tense of throwing rolls of toilet paper over a house, tree, yard, car, and other personal property/belongings. Typically conducted by one's team/squad/mates under cover of darkness such as 1 to 3 am.
True friends will sometimes drop by early the next morning to call your attention to the fact you've been papered, laugh about it, deny being the paperer and perhaps even help you pull it down out of the 386 foot oak tree in the front yard.
Is oddly perpetrated against true friends and universally loathed personages. Casual acquaintences are never papered.
Also: Wrapped, streaked (as in 'the roll streaked over the roof')
Between movies we cruised out and papered Dave's house, the best part was when it rained later.
We papered the Sheriff's house last night, that guy is such a tool.
We wrapped the shit outta Rachel's place last night. We even used their hose to wet it all down.