This is a pretty simple origami fold.

Pleat Step 1

1) For the sake of this example I’m starting out with a square folded in half

 

Pleat Step 2

2) Make a Valley Fold anywhere, I’m making one on the red line.

 

Pleat Step 3

3) Make another valley Fold back to the right.

 

Pleat Step 4

4) This is a completed Pleat.

 

Pleat Step 5

From the side it kind of looks like a Z.

 

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