What it means
Has two everyday uses. One is to finish something and bring it to a close, like a meeting, a job, or a long chat that's started eating the day. The other is to put on warm clothes, usually because it's properly cold out. So you can wrap up the meeting, or your mum can tell you to wrap up warm before you go out.
Usage examples
"Right, let’s wrap up, I’ve got to leg it. And wrap up warm, mate, it’s Baltic outside and the bus stop’s pure misery."
"Let's wrap up the meeting, we've covered everything."
"Wrap up warm, it's freezing out there tonight."
"Can we wrap up in five, please? My brain's clocked off and the group's gone fully waffle mode."
"You'll want to wrap up warm tonight, it's got that nasty wind that sneaks straight through your hoodie."
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Where it comes from
It comes from the literal idea of wrapping something so it's covered and closed, recorded in English for centuries with both senses growing naturally from that. You wrap up a parcel by finishing it off and sealing it, and you wrap up yourself by covering up in layers against the cold.
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