To be aware of something very important and very serious that requires immediate action, but choose to do nothing.
"Eddie heard someone screaming for help outside his window, but paternoed instead."
by Drboogie July 29, 2012
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A Paterno is unit of currency equal to 6 million US dollars. Paternos are typically paid in cases of covering up for child rape.
"The Roman Catholic Archdiocese of Boston was forced to pay 14 Paternos to victims of child rape by priests in 2003."

"Penn State got fined 10 Paternos for turning a blind eye to child rape on their campus."
by Joe Paterno's family July 23, 2012
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"Hey, I just saw a kid being raped. Should we call the police."
"No way, dude. We've got Paterno this, or else it might splash back on us."
by Nittany Lyin' November 8, 2011
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To be blamed for someone else's crime, even though you told someone about it.
"Man, I didn't even do it! I'm totally being Paterno'd here!"
by J-tard November 23, 2011
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To cultivate the appearance of successful leadership, all the while managing one's organization in a detached--perhaps even negligent--manner that invites malfeasance; to ignore poor and criminal behavior on the part of one's subordinates; to become so captivated in projecting an image of one's own compassion and beneficence, that one loses track of one's own charges and responsibilities.
"'Having a photo-op on an aircraft carrier, while your administration writes plans to cut veterans benefits is an act of the most hubristic Paternoism--but the optics are sure to move the Peoplemeters,' remarked the campaign consultant."
by ideadesade January 23, 2012
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v. to paterno: to watch something horrible happen then do nothing about it.
Jack paternoed me when he watched 5 men burgle me.

Quick sitting there and paternoing, get over here and help me fend off these zombies.
by murakka November 10, 2011
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Paternoed (verb, usually past-tense) -- Slang. To poop, to defecate, to move bowels accidentally or in a situation in which it is least desired. To crap oneself, i.e. moving bowels when wearing a garmet. Named for the legendary Penn State head football coach who was forced to leave in the middle of a big game to use the facilities. He returned after halftime wearing different pants and later said only that he had 'flu-like symptoms.'
Have you Paternoed yet today?

I Paternoed myself.

You smell like you Paternoed yourself.
by M.Kel. September 25, 2006
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