Yes, it really does make paper airplanes & then launches them.
http://sploid.gizmodo.com/mad-genius-creates-awesome-fully-automated-paper-airpla-1644140869
Or, you could make something similar using Lego:
/ German genius invention inventions fully automated paper airplane machine gun machine gun folds plain paper sheets into airplanes designed design 3D printed crowdfunding mass manufacturing share his plans aeroplane /