This papercraft is Slurm Mckenzie, the mascot for Slurm, a highly addictive drink, and is called The Original Party Worm, from the animated television and comic series Futurama, the papercraft created by LordBruco.
The Slurm company held a competition where the winner gets to visit the factory and party with Slurms MacKenzie. Before this, Slurms had been partying for about 40 years with his female companions, Dixie and Trixie. Slurms also has to party all night and every night or he'll be fired. Slurms also said the quote "Whimmy wham wham wozzle!" which appears later in the series. Slurms reveals that he is exhausted by his party lifestyle and sacrifices his life so that Bender, Fry, and Leela may live.
In Spanish Fry, he appears in a photo with Fry. In Yo Leela Leela he appears in the Young Peoples choice awards as an award statue called the Slurmie award. Leela won this award for her kids show Rumbledyhump. [Source: wikia]
You can download the papercraft model here: Futurama - Slurm Mckenzie Free Papercraft Download