If you fold it clean, the crease is a straight line. In fact I don't know of any other good way of obtaining a straight edge from scratch quickly, meaning without transporting one existing straight edge to another (*).
I remember spending a lot of enamored time coming up with different geometrical proofs of this fact. Perhaps the only time I have come close to jumping out of the proverbial bath tub.
The underlying reason is that paper does not stretch (**) (but, paradoxically, it does bend fine. It's a paradox because bending needs stretching).
I have to restrain myself from grabbing strangers off the streets to ask -- how cool is that.
Three other demonstrations that never fail to nerd-snipe me like this are Dirac's belt trick, that straight woven cloth rips usually at 90 degrees, and the working of a teeny tiny metacircular interpreter.
(*) Rope stretching is a close competitor, but the tension needs to be really really high and it is difficult to run a pencil along it to mark a straight line, lest you distort the st. line.
(**) of course, it does, but a tiny amount.
Coming back to straight line folds, this property holds beyond just Euclidean space, it holds for Riemannian geometry and probably for any continuous metric space.
We know that Solids CANNOT be compressed. So what's actually being folded is the air gaps.
Which is why you can't easily fold a piece of tungsten. It has less air gaps.
Big backlog of folds to approve seems like it's ignored. I'm in the middle of fixing some rendering issues hence I haven't approve them yet. Rendering fixes and fold approvals should be up in a few weeks.