Old English weax "substance made by bees," from Proto-Germanic *wahsam (source also of Old Saxon, Old High German wahs, Old Norse vax, Dutch was, German Wachs), from PIE root *wokso- "wax" (source also of Old Church Slavonic voskŭ, Lithuanian vaškas, Polish wosk, Russian vosk "wax" (but these may be from Germanic).
Used of other similar substances from 18c. Slang for "gramophone record" is from 1932, American English (until the early 1940s, most original records were made by needle-etching onto a waxy disk which was then metal-plated to make a master). Waxworks "exhibition of wax figures representing famous or notorious persons" first recorded 1796.
paper n.
mid-14c., "material consisting of a compacted web or felting of vegetable fibers, commonly as a thin, flexible sheet for writing, printing, etc.," from Anglo-French paper, Old French papier "paper, document," and directly from Latin papyrus "paper, paper made of papyrus stalks," from Greek papyros "any plant of the paper plant genus," a loan-word of unknown origin, often said to be Egyptian (see papyrus).
Sense of "essay, dissertation on a topic" is from 1660s. Meaning "bills of exchange, paper money" is attested by 1722. As "paper for covering the walls of interiors," 1764. As "printed sheet of news" (a shortened form of newspaper), attested by 1640s. Papers, "collection of documents which establish one's identity, standing, credentials, etc.," it is attested from 1680s.
Paper-clip is by 1875; paper-cutter as a type of machine is by 1969. Paper-hanger is by 1796. Paper-wasp " type of wasp that builds a nest out of paper-like material" is by 1805. Paper chase is by 1856 in British English for the game of hare-and-hounds, from the bits of paper scattered as "scent" by the "hares;" the slang meaning "effort to earn a diploma or college degree" is by 1932.