This Mario papercraft is the Koopa Paratroopa (aka Parakoopa, Sky Troopa in Super Mario RPG: Legend of the Seven Stars, or simply Paratroopa), Koopa Troopa with wings, the paper model was created by Sabidiet. Koopa Paratroopas lose their wings when they are attacked in air, such as getting stomped or hurt by fireballs. They traditionally come in two varieties: Red Koopa Paratroopas usually fly up and down or side to side in a set path, while green Koopa Paratroopas often bounce in the player's general direction.
Red Koopa Paratroopas first appear in World 1-3 of Super Mario Bros., while the green ones first appear in World 2-1 of the same game. However, some Paratroopas hover left and right, but in Super Mario Bros., World 7-2 has left/right Paratroopas. Their name comes from "paratrooper", a term used in the military to describe soldiers who parachute down to attack.
You can download this mario paper craft template here: Super Mario RPG - Koopa Paratroopa Free Papercraft Download