When pressed for scrap paper, they chose to use something they considered to be B-grade, rather than Meditations. Though who knows if what they tossed was really inferior. Julius Caesar, Aristotle and Archimedes wrote several books which were not considered quite worth preserving. Lost say 1500 years ago because no one bothered to copy and further distribute them. The great editorial filter all of our history went through.
(There has been some recent fascinating work on recovering the writing from painted over and re-used and re-scraped papyrus and parchment. Some of Archimedes's works were rediscovered this way: https://en.wikipedia.org/wiki/Archimedes_Palimpsest )