The Owl statues are another of the recurring feature in the Legend of Zelda video game series. This particular Owl Statue papercraft is based on Majora's Mask, it is believed that they are carved in the likeness of Kaepora Gaebora (wise old owl). Once activated, the Owl Statues can serve as warp points throughout Termina. And to the bunch of anons that send it in, thanks - got it.
Legend of Zelda - Owl Statue Papercraft [frozen_fish]