Prepared piano
A prepared piano is a piano that has had its sound altered by placing objects (called preparations) on or between the strings.
Technique
Although theoretically any object could be used to prepare a piano, in practical application preparation objects are usually expected to have certain characteristics:
They are applied directly to the piano strings.
They must fit in the desired location inside the piano.
They (usually) should not move from their location during playing.
They must be reversible (that is, when a properly prepared piano has been "unprepared", it should be impossible for anyone to tell that it had ever been prepared; no permanent damage is done to the piano).
Additionally, most preparations will change the timbre of the string in such a way that the original pitch of the string will no longer be perceptible, though there are occasional exceptions to this.
Historical precedents
Delage
In his Ragamalika (1912–22), based on the classical music of India, French composer Maurice Delage (1879–1961) calls for a piece of cardboard to be placed under the B-flat in the second line of the bass clef to dampen the sound, imitating the sound of an Indian drum.