Bull's-Eye Banzai

Missile Banzai Bills are the red heat-seeking variants of Banzai Bills and a larger variety of Bull's-Eye Bills. They attack by homing in on the player.

New Super Mario Bros. Wii
Missile Banzai Bills only appear in World 9-3 of New Super Mario Bros. Wii. Unlike Bull's-Eye Bill, they only have a limited homing ability where they will track their target's vertical position and then continue forward once they reach that height. Their animation is very limited as well, always maintaining a horizontal position and never turning to point at their target.

The player can defeat it by simply jumping on its head, or by running into it with a Super Star. Also, a Missile Banzai Bill cannot be frozen by an ice ball; it will break the ice and release itself when the ice ball reaches it. Likewise, POW Blocks are useless against them.

Missile Banzai Bills are never seen being fired from a Banzai Bill Cannon.

Super Mario 3D World
Although no actual King Bills show up in Super Mario 3D World, another Banzai Bill variant, the Cat Banzai Bill, behaves similarly.

Trivia

 * The Missile Banzai Bill is one of the two new enemies from New Super Mario Bros. Wii that do not return in New Super Mario Bros. U, the other being the Ghost Vase.