On as a second half substitute, the 48-year-old fired England into the lead at Soccer Aid in the 53rd minute.
The ex-England international latched onto the ball after UFC champion Leon Edwards - in goal for the World XI - parried it away.
It was a position that Scholes thrived in before he called time on his playing days in 2013.
Rolling back the years, Scholes hit the ball first time into the bottom right corner to leave Edwards no chance.
His strike came just three minutes after actor Asa Butterfield had equalised for England after Edwards was wrong-footed by his goal-bound cross.
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Social media was sent into meltdown over his goal, as one Twitter user said: "Scholes. He has still got it."
This United supporter posted: "Scholes would still start for us."
A third quipped: "Erik ten Hag should sign Paul Scholes."
Meanwhile this fan simply stated: "Vintage Scholes goal, love to see it."
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But Scholes' elation soon turned to misery as he limped off shortly later after receiving medical treatment.
The 11-time Premier League winner fell awkwardly on the floor and was unable to continue.
And his absence was felt by his teammates, as Robbie Keane fired in a quickfire double to restore the World XI's lead.
His team had opened the scoring early on after Usain Bolt threaded the ball through David James' legs.
Kem Cetinay then scored a fourth after smashing the ball beyond Paddy McGuinness from close range.
It is his fifth goal in Soccer Aid, making him the highest goalscorer in the tournament's history.
And it stayed 4-2, as Mauricio Pochettino guided the World XI to victory on his return to England.
The World XI have now won Soccer Aid for the last five years.