Staples is offering their 500-sheet HP paper reams for only $2 after easy rebate. There is also a coupon for $1/1 HP paper - making your final price just $1. Limit 2 rebates per household.
HP 8.5"x11" Multipurpose Paper $6.49
Submit for $3.99 easy rebate
Get $0.50 instant savings
Use the $1/1 coupon
Final = $1
I usually grab these deals as often as I can since I mainly use printable coupons, but I also have young kids that love to color/paint and this way I don't get too upset when they decide to get crafty and use a bunch of paper.
Thanks @ Saving Addiction
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