This is the 12863rd most frequent Spanish word.
papelito
A small piece of paper.
In this sentence, 'papelito' refers to a small piece of paper, with the suffix '-ito' denoting diminutive form to indicate size or endearment.
Tengo un papelito en el bolsillo.
I have a small paper in my pocket.
Here, 'papelito' is used to indicate a small paper, often perceived as an instruction or suggestion for a written note on a tiny piece of paper.
Escribe tu nombre en este papelito.
Write your name on this little paper.
In this case, 'papelito' designates a small paper carrying important information, such as an address, emphasizing its utility and compactness.