Only if you don't have cats. If you have cats, "under" is the only sane choice.
It depends on the cat, and how your home is set up. In my lifetime, I've only had one cat that played with the toilet paper. In my current place, the toilet is in a separate room by itself, and the door is kept closed, so the cat can't even get in there.
Don't you love all the punctures in the paper?
If you have cats you’ve willing given up your sanity.