Check it out, a simple penguin paper toy from artist/designer Cristiane Fariah of Bonecos Animados (Animated Dolls).
Penguin Paper Toy
Cool Blue Penguin Papercraft [Related Posts]
Madagascar 2 Papercraft - Penguin
Super Mario Papercraft - Penguin
Disgaea - Prinny Papercraft
Kirby Papercraft - King Dedede