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(1) Past tense of transitive verb "to paypal", i.e., to make a secure online transaction through electronic payment service Paypal. (2) An excited utterance to proclaim on a music-obsessed web message board such as TermBo that you have already purchased a very recently announced new record, cassette, or other limited-availability merchandise item. This may be perceived by the poster to earn cred points especially if they reply "paypal'd!" within mere minutes of the original announcement being posted by the merchandiser.
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