Stock or options in a startup company, referring to the likeliness the money will have only imaginary value. In contrast to "real paper".
Person 1: "Hey, I got a great new job, paying $150k, working for a company that makes facebook apps!"
Person 2: "Really? Is it real paper or toilet paper?"
Person 1: "$60k base, $90k stock"
Person 2: "oh, so mostly toilet paper..."
Person 2: "Really? Is it real paper or toilet paper?"
Person 1: "$60k base, $90k stock"
Person 2: "oh, so mostly toilet paper..."
by Aaron Startupguy November 16, 2009

by Why Bother April 03, 2006

by PotatoChickenman March 21, 2020

Greg: Hey Criag, have you seen any toilet paper?
Craig: Nah Greg, its toilet paper
Both in unison: Damnit.
Craig: Nah Greg, its toilet paper
Both in unison: Damnit.
by TheRealHi April 09, 2020

A piece of paper commonly used for wiping your ass after a good poop. They come in rolls and are usually positioned next to the toilet for ease of access.
Back in early 2020, people stocked up on toilet paper as to prepare for the lockdown. They did this to stay hygienic. The panic buying became so severe entire lanes of toilet paper in malls were left blank after a few weeks.
by slaptheBASS June 21, 2020

by MasterofDictionarior March 21, 2020
