1. A street that a town recognizes as an official street, and is public property, but is so seldom used that most people think it is just a short cut. Paper streets are not paved, so many people think they are part of their lawns.
2. The name of the street that Tyler Durden lives on in <i>Fight Club</i>. Possibly named this because of the term "paper street."
That old lady got pissed at us because she thought we were cutting across her yard, but we were just taking the paper street.