The hunting decoy includes first and second panels, each panel having an image formed on front and rear surfaces thereof to simulate an animal. Each of the first and second panels includes a pair of head portions, a main body portion, and a pair of legs. The first panel has a first slot formed therein, which extends from a top edge of the main body portion downward to a central region of the first main body portion. The second panel has a second slot formed therein, which extends from a bottom edge of the main body portion upward to a central region of the second main body portion. The first panel is releasably joined to the second panel at their respective slots and, preferably, the first panel is positioned substantially orthogonal to the second panel to form a freestanding cruciform decoy.