This is a combo sheet that includes markings for both 48th and 32nd scale.
The aircraft featured on this sheet is from the VMFA-312 Checkerboards. This scheme is reminiscent of the old Ferris schemes that adorned some US Navy and USAF jets back in the day. A very tough/attractive scheme for the Hornet!
References provided by Sgt Sorensen of VMFA-312 (scheme designer) and photojournalist Greg Davis.