This papercraft is the Clawshot, an item from the video game The Legend of Zelda: Twilight Princess, the paper model was created by linker. This tool consists of a long chain connected to a discharging claw that Link can fire to either pull items towards himself, or pull himself towards certain surfaces, hence the name. It is for all intents and purposes a replacement for the Hookshot that appears in several other Legend of Zelda games. The reason for creating an entirely new item for the game is not known.
Unlike the Hookshot, the Clawshot does not allow Link to grapple to Treasure Chests. The Clawshot does not generally grab wood as the Hookshot does either. It is mostly used to grab onto certain surfaces such as metal grating, vines and specific grappling spots, the fingers of the claw being able to grab through their holes. Unlike most items, the Clawshot is usable while swimming. Its function is virtually the same as that of the Hookshot, the primary difference being the Clawshot's ability to raise and lower Link after deployment.
In combat, the Clawshot is generally useful as a makeshift ranged weapon, with the advantage of not requiring any ammunition. It is ideal for taking out small enemies such as Keese, but will merely cause most larger enemies to recoil or simply do nothing at all. It also lacks the ability of the Hookshot to stun enemies, though the claw extends and retracts appreciably faster, making it a more viable weapon against multiple foes.
The Clawshot is obtained by defeating the Deku Toad, the mini-boss of the Lakebed Temple. After the toad is defeated, it spits out the Clawshot. Later in the game, Link can obtain another Clawshot in the City in the Sky, allowing Link to fire a second Clawshot when he is already stuck to a surface. The Clawshot can be used to play the STAR Game in Hyrule Castle Town. One Clawshot is needed in order to complete the first stage in the game, while both must be used to clear the second stage. [Source: wikia]
You can download the papercraft model template here: The Legend of Zelda: Twilight Princess - Clawshot Free Papercraft Download