Apply a coat of primer over torn drywall and glossy or peeling paint. Allow to dry overnight.
Load a 10-inch drywall knife with about a cup of pre-mixed all-purpose joint compound.
Place the blade of the knife at the ceiling corner or top of the area to be covered. Pull the knife down the wall, pressing with moderate firmness. Spread the compound evenly over the area. Work in sections if covering an entire wall. Allow the compound to dry overnight.
Repeat the procedure with a thin topping compound. Dip your knife into a bucket of hot water after each application and pull the knife over the applied compound to dissolve bubbles and smooth the surface.
Fit an electric sander with 120- to 200-grit sandpaper and run it over the compound until smooth.