1. [mid-18C+] a newspaper, a magazine [mainly US since 20C+].
2. [late 19C] (US tramp) a shirt.
3. [late 19Cs+] a single unit of paper currency, e.g. £1, $1, one euro.
4. [1930s–40s] (US Und.) a cigarette paper.
5. [1930s+] (US Und.) an official police record.
6. [1960s+] a perforated sheet of LSD-impregnated blotting-paper, which can be torn into 100 separate doses of LSD.
[1930s–40s] (US Und.) one who passes counterfeit notes.
[1970s–80s] (UK black) a £10 note.
[1920s–30s] (US) a sensational newspaper.
[1920s+] (US) a tabloid newspaper (more recently on digital media); also attrib.
SE in slang uses
[mid-19C–1900s] bed; thus go down sheet alley into Bedfordshire, to go to bed.
[1930s] (Aus.) a bookmaker.
[late 19C+] (US campus) a chambermaid.
see three sheets in the wind phr.
[1950s+] (US campus) notes smuggled into an examination.
see under drag v.1
[1930s+] (Aus.) to be eccentric.
1. to go to bed.
2. (US) to have sexual intercourse.
3. (US gay/lesbian) to be passive to the overtures of another woman.