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The Miura fold is a method of folding a flat surface such as a sheet of paper into a smaller area. The fold is named for its inventor, Japanese astrophysicist Koryo Miura.
Why it is awesome?
The Miura fold is a form of rigid origami, meaning that the fold can be carried out by a continuous motion in which, at each step, each parallelogram is completely flat.
This property allows it to be used to fold surfaces made of rigid materials; for instance, it has been used to simulate large solar panel arrays for space satellites in the Japanese space program.
The fold can also be unpacked in just one motion by pulling on opposite ends of the folded material, and likewise folded again by pushing the two ends back together.
In the application to solar arrays, this property reduces the number of motors required to unfold this shape, reducing the overall weight and complexity of the mechanism.
Other cool stuff.
Miura folded maps. Snug it into your pocket when not in need and open it up in style when you are lost !

(Source : http://www.bun-sho-do.co.jp/english/nextg/miura-fold/ , wikipedia )