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2 definitions found
 for paper tape
From WordNet (r) 3.0 (2006) :

  paper tape
      n 1: a long narrow strip of paper

From The Free On-line Dictionary of Computing (30 December 2018) :

  paper tape
      Punched paper tape.  An early
     input/output and storage medium borrowed from telegraph
     and teletype systems.
     Data entered at the keyboard of the teletype could be directed
     to a perforator or punch which punched a pattern of holes
     across the width of a paper tape to represent the characters
     typed.  The paper tape could be read by a tape reader feeding
     the computer.  Computer output could be similarly punched onto
     tape and printed off-line.
     As well as storage of the program and data, use of paper tape
     enabled batch processing.
     The first units had five data hole positions plus a sprocket hole
     (for the driving wheel) across the width of the tape.  These used
     commercial telegraph code ({ITA2 also known as Murray), Baudot
     code or proprietary codes such as Elliott which were more
     programmer-friendly.  Later systems had eight data holes and used
     ASCII coding.

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