In my list of “models to try someday” was this model designed by Takashi Hojyo:

A complex management of points, this lovely rendition of a Pegasus has much to love. The wings, legs and general morphology are very pleasing to the eye but not easy to achieve as a fold.

Simple pre-folding results in a base that is interesting, and probably useful for many other types of quadrupeds. The journey towards a winged horsey thing is tortured – the paper I chose (35cm washi) helped as it was so thin and strong. Thicker paper would make this model very bulky, the front legs would be really challenging indeed.

I have folded a few Pegasi over the years, I think I like the one by Satoshi Kamiya the best, but this one is terrific.