“A feather that increases speed by 2.” —In-game description, New Mystery of the Emblem
The Speedwing is a Stat booster that recurs across the Fire Emblem Series. Prior to Fire Emblem: The Binding Blade, the Speedwing's original form is the Speed Ring. When used, the Speedwing permanently raises its user's Speed by a set number of points that varies from game to game.
In Gaiden, Genealogy of the Holy War and Echoes: Shadows of Valentia, the Speed Ring must be placed in the inventory of any unit for its property to take effect. In Gaiden, it also adds the ability to recover 5 HP at the start of every Player Phase and functions in a similar manner to the Boots, boosting its wearer's Movement by 5.
In TearRing Saga: Utna Heroes Saga, the Speedwing's equivalent is a potion that is simply known as the Agility Plus, permanently raising its user's Agility by 2.
While speedwings can be used to give fast units even higher evasion stats or patch up the Speed stat of an otherwise slow unit, Speedwings' true value lies in their ability to allow units with middling or slightly above average speed stats to double opponents they would otherwise not be able to double. If used to push a unit over the statistical threshold necessary to double an important enemy class or boss, they can massively shape the outcome of battle, turning otherwise insurmountable charges into a manageable threat.