When a person who normally holds a measure of power and authority is overridden by a person of greater power and authority by being showed an official piece of documentation which validates the second person's superior authority.
Police Inspector: "You can't come in here, this area is under police jurisdiction and is off limits".
Guy: *Pulls out an ID card* "Not any more it isn't, this scene is under FBI jurisdiction now"
Police officer:" Hey Carl did you see that? Inspector Ryan just got papered!"
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')
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.