Committee of Conundrums: Meeting Theoreme-1

We're meeting to discuss Theoreme-1: the art of folding a fitted sheet into a perfectly imperfect square. We've got a real conundrum on our hands, folks! Who among us has managed to create a neat, compact fold? Conundrum 123: The Frustration of a Fitted Sheet

Theoreme-1 Theory 1: Folding is a Form of Meditation