The term 'Contracted into Folds' can be summarized by the word 'Knitted'. Knitting is a craft that involves looping yarn or thread with two needles to create fabric. It is a popular hobby and has been around for centuries. Knitted fabrics are often used to make clothing, blankets, and other items. The term 'Contracted into Folds' refers to the way in which knitted fabric is folded and shaped into the desired shape.