Final Cut Pro 10.5.3 (released June 2021) does not include a "paper" feature or white paper by that name. Instead, "paper" in this context typically refers to used to give videos a scrapbook or vintage aesthetic . Paper Effects and Transitions
: Enhanced criteria for finding media in the browser using clip names, markers, and notes.
: Free transition packs (like those from Cinnipac ) allow you to add "rip" effects between clips using the Keyer effect to remove backgrounds.
If you are looking for the "useful" technical documentation or updates specific to , the official release notes highlight: