What is Australian wrapping paper?

Any type of paper used to stop the bleeding of a penis. Can be used for any situation where the penis bleeds, such a cut from a razor, a freak donkey-wagon accident, etc.

Man: Damn bitch, your asshole is so dry, you make my fucking dick bleed because of the friction you hoe!
Woman: Calm down, just use some Australian wrapping paper my dude.

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Australian wrapping paper - video