Paul told potential James Bond and certain butt-haver Tom Hiddleston the story of how a misguided attempt at magic on the set of Mission Impossible 3 came back to haunt him at an audition for Cloverfield. Told by a friend (who was casually on Lost) that J.J. Abrams loves magic, Paul prepared a simple card trick to show on the MI:3 set, and the basic trick is really only impressive to kids and Tom Cruise. Bombing at magic is even more embarrassing than attempting magic to begin with, and Abrams didn't let it go.
Poor Paul. Luckily he managed to find some success despite Cloverfield, and retired from magic once he broke bad. Plus, the real magic in the world is science, anyhow.