A basic design with decent distance and speed.
This is the probably the most iconic paper airplane design, and it's one of the easiest to fold. It flies very well too.
Paper Airplane Folding Instructions
1. Fold the paper in half.
2. Unfold and then fold the corners into the center line.
3. Fold the top edges to the center.
4. Fold the plane in half.
5. Fold the wings down to meet the bottom edge of the planes body.