"adhesive patches worn over the nipples by exotic dancers," 1957, plural diminutive from paste (v.).
Entries linking to pasties
paste n.
c. 1300 (mid-12c. as a surname), "dough for the making of bread or pastry," from Old French paste "dough, pastry" (13c., Modern French pâte), from Late Latin pasta "dough, pastry cake, paste" (see pasta). Meaning "glue mixture, dough used as a plaster seal" is attested from c. 1400; broader sense of "a composition just moist enough to be soft without liquefying" is by c. 1600. In reference to a kind of heavy glass made of ground quartz, etc., often used to imitate gems, by 1660s.