It is an act of stealing petty goods from a gullible owner to sell it in pawn shops. The term is first used in a tamil movie, rendu (2006) when Vadivelu and Maddy steals from the Auto driver.
Madhavan: Hey, the project expenses are too much. How are we gonna afford it?
Vadivelu: "Paper-Liquid"
Madhavan: Hey, the project expenses are too much. How are we gonna afford it?
Vadivelu: "Paper-Liquid"
Maddy: you don't even have a job, how are you managing your finances?
Vadivelu: I have paper-liquided lot of things from my friend
Vadivelu: I have paper-liquided lot of things from my friend
by Cringe boy 1 June 16, 2021

A Paper roll which has different uses, such as:
Wiping your butt
Eating the paper
Clean your nose with the paper
Become a mummie
Cum
Wiping your butt
Eating the paper
Clean your nose with the paper
Become a mummie
Cum
Carol: Honey, I'm gonna go buy some toilet Paper!
Michael: Bring 69 rolls so I can transform myself into a fucking monster!
hehe, 69
Michael: Bring 69 rolls so I can transform myself into a fucking monster!
hehe, 69
by skippythetoiletfan December 22, 2022

Paper
by Cloud.ze.fluffy.wolf May 2, 2020

an eighth of crack (rock), a stash of money (paper), and a pair of looseys (scissors). Basically just a few things to make yourself feel like you are top dog, either way you win. but if you have all three of these things simultaneously then you're the man 'round dis bitch...
i was asked if i wanted to go to dave and buster's with my friends i told dem no i gotta play rock, paper and scissors for the whole day dey didn't know wtf i was talkin bout so dey just said i was lame but when dey seen me smokin a couple newports wit da gwap in my pocket dey were da ones feeling like assholes.
by ogdajuiceman June 18, 2010

by Suicicidal james March 17, 2017

by Roberto binoski August 29, 2017
