Those were often given away with a purchase from a convience store. Tape a firecracker behind the "cockpit", light the fuse and launch. With the wing set a just the right place, the plane would do an inside loop and explode just over your head. A firecracker would render it into four pieces. (A cherry bpomb was too heavy for flight.)
When my daughter was little, she got one and we launched it in the front yard. It was set to loop, and as it did she turned to watch it (it was not loaded with the firecracker) and it centered right in the middle of her forehead. She remarked, "Daddy, my head cracked like an egg!"
Bob Wright