Joseph Joseph - Folding Colander
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Twin brothers Antony and Richard Joseph launched their company in September 2002, and since then their incredibly creative and function based designs have made them one of the most innovative kitchenware companies out there. This ingenious Joseph Joseph Colander ($28 USD) folds completely flat for easy storage in the kitchen. Moulded from polypropylene it uses 12 live hinges to achieve its transformation.
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Lately it seems we've been spending more time in the kitchen, and when our old timer bit the dust, we went out searching for a replacement, and came across this
These smart and sanitary four color-coded 

