There are many folding bike designs, but Josef's design concept "Locust" folding bicycle seems the most aesthetically pleasing and compact! No words on whether a prototype will be made anytime soon.
http://www.coroflot.com/public/individual_set.asp?sort_by=1&set_id=34598&individual_id=89369 - via Kancept, Thanks Keith Schacht!
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