Waxed Paper

• Fudge can be cooled in waxed paper lined pans.Jupiterimages/Photos.com/Getty Images
  
  Waxed paper is the most similar substitute to parchment. Waxed paper is paper that has been coated in wax so that it's waterproof. Because of its wax content it cannot be used in an oven. When heated, waxed paper smokes and melts, making food inedible. Use waxed paper if you need a non-stick surface for no-bake cookie recipes. You can also use it in the making of fudge or candies that are made on the stovetop and then set aside to cool. Coating waxed paper with butter will ensure that nothing sticks to it.
  
  

Rice Paper

• Rice paper is used in crafts but can also replace parchment paper for baking.Comstock Images/Comstock/Getty Images
  
  Rice paper is more commonly used in crafts but it can be used as a substitute to parchment paper. Rice paper can go in the oven and is best when used to line baking pans and trays. Make sure you're using rice paper and not rice wrappers. Rice wrappers look similar to rice paper when dry but are used to make spring rolls and other appetizers. Rice wrappers will dissolve or burn if used in place of parchment paper. Rice paper, however, will stand up to oven temperatures.
  
  

Aluminum Foil

• Aluminum foil can be used to line pans as well as covering the tops of pastries.Barry Austin Photography/Stockbyte/Getty Images
  
  Aluminum foil can be used to line baking trays and pans. It is important to grease the aluminum foil first so that baked goods do not stick to it. Aluminum foil, like parchment paper, provides insulation when used to line a tray. It keeps baked items from browning too much on the bottom.
  
  

Greased or Non-Stick Pans

• Non-stick pans don't need to be lined with paper.Jupiterimages/Photos.com/Getty Images
  
  Greased or non-stick pans can often replace parchment paper. Prepare batter as usual and then watch carefully while it bakes to make sure it doesn't burn on the bottom or crisp too much on the sides. A combination of non-stick pans and a lower oven temperature will usually yield the same result as baking with parchment.