The act of withdrawing a commitment made to multiple people. This can be accomplished via: Red Phone, Text Message, Potential Amnesia, Disappearance, etc.
The act of drinking a Bob Marley's Mellow Mood relaxation drink and sitting, chilling, relaxing, and eventually falling asleep. Sometimes performed in groups.
Sam: How was work?
Bill: Rough. I'm going home and Mellow Mooding all night. Care to join?
Sam: Ya man, be right over.
Rory in the Gilmore Girls, (referencing the 1973 movie Paper Moon), says that bringing an article of clothing back to a store to return multiple times, will lead the sales clerk into believing that Rory is "paper-mooning them".
(or)
Turbo tax is trying to paper-moon me by pretending that the free edition is always free; that's why they hide the Freedom version on a separate website!