Stock or options in a startup company, referring to the likeliness the money will have only imaginary value. In contrast to "real paper".
Person 1: "Hey, I got a great new job, paying $150k, working for a company that makes facebook apps!"

Person 2: "Really? Is it real paper or toilet paper?"

Person 1: "$60k base, $90k stock"

Person 2: "oh, so mostly toilet paper..."
by Aaron Startupguy November 16, 2009
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an excellent product for masturbation. i cum into it all the time.
toilet paper absorbs my cum
by Why Bother February 20, 2006
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An item used to wipe your ass that became extinct in 2020.
Bob: Hey you got any toilet paper?
Mike: What the fuck is that?
Bob: ...
by PotatoChickenman March 22, 2020
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Missing, Not able to be found;

Also used to describe Toilet Paper
Greg: Hey Criag, have you seen any toilet paper?
Craig: Nah Greg, its toilet paper
Both in unison: Damnit.
by TheRealHi April 9, 2020
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That one item that was abused shortly after the first wave of Covid
Person: I'm out of toilet paper! How will I wipe my ass?!
Person 2: Good luck, all of the supermarkets are closed due to the pandemic.
by SuperNateParty July 3, 2021
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a paper you use to wipe your shit, and bouncing droplets of toilet water.
American in Japan: where's a toilet paper?
"A random Japanese stranger"
: we use bidet instead.
American: we have to make America smart again!
by someart February 28, 2017
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