The twist in this one is visible between the two arrows. What we see as the top side of the paper at the green arrow becomes the back by the time it gets to the red arrow.
Left to its own devices, the Möbius strip will lay in a curly way that resembles a Figure 8 from some angles.
Now comes the fun stuff. Starting where ever you please, put pencil-point down on the inside of the strip and begin drawing a line down the middle of the strip — going the long way and without lifting your pencil. You’ll come back to where you started and your lines will join, but when they do, note that your line is drawn on BOTH sides of the paper, which you know you never flipped over.
The 180º twist has the effect of turning the paper for you. Because you have the equivalent of one perpetual side of paper-space, the Möbius strip is a symbol of continuity, infinity, even eternity.
And we see one version daily, usually without knowing it.
Take your paper Möbius strip and flatten it out neatly, so it looks something like this: