look up any word, like ratchet:
 
1.
Paper that makes one happy, meaning money. aka mullah, dinero, etc.
Man, i really need some happy paper right about now.

AGH! that man stole all of my happy paper!!!!
by Jesss June 09, 2005
 
2.
as used in e.g. the Philippines for celebration wrapping-paper that promises so much at birthday and Christmas, to be eagerly torn off..
' This is the family Christmas morning ? The kids all back in their rooms and the Christmas tree surrounded by torn-up happy paper...?'
by mikroth February 02, 2009