Very cool art from Carl Critchlow on a very effective creature. Stated nicely by Tiggurix above already: mono-blue aggro is a viable (and surprisingly powerful) deck type, partly because people rarely see it coming. Cloudskate fits in nicely, and is common for pauper format fun. Cheap fliers like this can hand you the game before your opponent gets a suitable defense established. Also, blue has so many ways to bounce creatures that reloading this guy is a snap when he's almost out of fade counters.