I'm sitting here looking a term paper that worth 50% of the grade for the course I'm TA'ing. It's taken almost verbatim off Wikipedia. It's footnoted. The footnotes all say Wikipedia. It's not dishonest as much as it is really, really dumb.
What to do?
There isn't enough time for a re-write.
The student really deserves absolutely nothing for the paper, so it should be a course failure.
It's plagiarism, of sorts, but it's not plagiarism, in the sense that the element of uncredited theft isn't there.
I will give it some thought over the weekend. I suppose, too, I'll need to talk about this with a few other people.