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1.
When someone is submitting their resume to employers, particularly when trying desparately to escape a sinking ship.
The entire dev team at Living.com started dropping paper the day after it showed up on the FC.
by Cabron Mejor March 08, 2006
 
2.
Taking LSD - reference to it's paper form and the common phrase "dropping acid".
"You dropping paper tonight?"
by Bill_Z_Bub May 01, 2006
 
3.
Police Officer writing somone a ticket or filing a warrant for someone's arrest. Once a person has a warrant out for their arrest they are considered "on paper."
Johnny Law spent all day on the freeway dropping paper on people speeding. Johnny Law is at the D.A.'s office now dropping paper on that murder suspect.
by Mark A. Swick April 30, 2006