This paper airplane is the fastest I've ever seen. I call it the Eagle.
Step 1: Fold In Half
This is an easy step. Just fold an 8.5 x 11" sheet of paper in half down the center like pictured. And then open it up again so that it lays flat.
Step 3: Fold the Cockpit Down
Fold the cockpit down so that the point lines up with the center fold line.
Step 4: Fold the 2nd Cockpit
Fold your second cockpit by folding your tow flaps down like the 2nd step.
Step 6: The Second Folds of the Wings
Flip the plane over and fold each side in to line up with the center fold of the plane.
Step 7: Ready For Takeoff!
Flip the plane over one last time and open up the folds so that you have the 'body' of the plane to hold on to (like pictured).
You are now ready for a test flight.
To fly well, fly inside and throw as hard as you can.
DISCLAIMER: DO NOT THROW AT AN ANIMAL OR HUMAN BEING.