Éphèmere
The owner of target permanent shuffles it into their library. Then they may look at the top card of their library and may wrap it. If it’s a permanent card, they may put it onto the battlefield. Otherwise, they may put it onto the battlefield face down as a 4/4 red Present creature. (To wrap a card, put it inside lots of sleeves. If it would be dealt damage or destroyed, remove a sleeve from it instead.)
Instant
The owner of target permanent shuffles it into their library. Then they may look at the top card of their library and may wrap it. If it’s a permanent card, they may put it onto the battlefield. Otherwise, they may put it onto the battlefield face down as a 4/4 red Present creature. (To wrap a card, put it inside lots of sleeves. If it would be dealt damage or destroyed, remove a sleeve from it instead.)