Yeah, all the time. Most recently I was marvelling at the new tethered lid on a bottle of fizzy drink. They'd designed it so that as you unscrew the cap, it twists enough free material to form a hinge and then it has a little lip that catches to hold the lid fully open. When screwed back down it takes up no more space than the previous, untethered design.

https://www.youtube.com/watch?v=_cpfdhKLW3A

(I apologise for the big jazz.)