This project by [blackfish] shows off a cardboard lookalike of an MP5 that loads from a working magazine, has a functional charging handle, and flings paper projectiles with at least enough accuracy to plink some red party cups. It was made entirely from corrugated cardboard, paper, rubber bands, and toothpicks.
In the video (embedded below) you can see some clever construction techniques. For example, using a cyanoacrylate adhesive to saturate areas of wood, cardboard, or paper to give them added strength and rigidity. The video is well-edited and worth a watch to see the whole process; [blackfish] even uses a peeled piece of cardboard — exposing the corrugated part — as a set of detents (6:56) to retain the magazine.