Characteristics
Overview
Use this to conceal any item in a lazily wrapped gift
One sheet, one surprise. Put an item into the paper and it comes back as a Wrapped Gift: the same thing, now hidden until somebody unwraps it. The game text says any item works, so the choice is yours.
On a December wipe it turns the clan's spare loot into a little ritual, a Secret Santa of sorts. Everyone wraps something for someone else, the parcels go into a shared box, and on an evening when the whole clan is online you open them together. Nobody can peek, which is the whole point.
The paper has no recipe and no research cost, so you cannot make it yourself. It most likely reaches you through the Christmas event, along with the small present and the Advent Calendar. Wrapping changes nothing in a fight or a raid; it is simply a toy from the Fun list.