From the Super Mario Wiki
Farore's Wind is one of the three spells from The Legend of Zelda: Ocarina of Time, also appearing as the up special move of Zelda in the Super Smash Bros. series. When used, Zelda immediately warps to another location depending on the direction the player holds on the control stick. Zelda can damage opponents with the both initial warp and her reappearance.
In Super Smash Bros. for Nintendo 3DS / Wii U, this move has been given two unlockable custom variations. The first variant is Farore's Squall, which does not damage opponents when teleporting but instead pushes them away. The second is Farore's Windfall, which only teleports up but meteor smashes any opponents hit when Zelda reappears.