Make a squash fold by opening up two layers of paper from a shared central point. The top figure is a squash fold in a waterbomb base, while the bottom figure is made with a book fold.
To make a squash fold similar to the bottom figure, start by making a book fold. Next, make a location crease at the vertical midpoint and unfold. Fold the bottom of the paper up to the location crease and crease. Use your finger to open up the top layer you just made, flattening out the paper as you do so. The top of the fold will spread out, while the insides show their color. Crease the new fold lines.