A foldable receptacle having an open mode for receiving material, a secured mode for maintaining material within the receptacle, and a storage mode, comprising: a first side, a second side, a bottom and a closeable open top; a first fastener location (34; 36) on the first side; a second fastener location (34; 38) on or proximate the second side for aligning with the first fastener location (34; 36) for fastening engagement; a third fastener location on or proximate the first side for aligning with the first fastener location (34; 36) for fastening engagement; the receptacle being in the open mode when the first fastener location (34; 36) is not in fastening engagement with either the second fastener location (34; 38) or the third fastener location; the receptacle being in the secured mode when the first fastener location (34; 36) is in fastening engagement with the second fastener location (34; 38) and the open top is closed; the receptacle being in the storage mode when the receptacle is folded such that the first fastener location (34; 36) is in fastening engagement with the third fastener location, wherein the first fastener location (34, 36), the second fastener location (34, 38) and the third fastener location are provided with fastener parts and wherein the receptacle is designed in that it is transformed from the open mode to the storage mode by multiple folds, the multiple folds including double folding the top of the receptacle so that a first fold closes the top of the receptacle and a second fold seals the top and positions the fastener parts for alignment and fastening and wherein the multiple folds further include the bottom of the receptacle being folded flat adjacent the second side and then folded sequentially towards the top of the receptacle until the fastener parts of the third fastener location and the first fastener location (34; 36) align due to the multiple folds; wherein the fastener parts then being fastened to secure the receptacle in the storage mode. a first side, a second side, a bottom and a closeable open top; a first fastener location (34; 36) on the first side; a second fastener location (34; 38) on or proximate the second side for aligning with the first fastener location (34; 36) for fastening engagement; a third fastener location on or proximate the first side for aligning with the first fastener location (34; 36) for fastening engagement; the receptacle being in the open mode when the first fastener location (34; 36) is not in fastening engagement with either the second fastener location (34; 38) or the third fastener location; the receptacle being in the secured mode when the first fastener location (34; 36) is in fastening engagement with the second fastener location (34; 38) and the open top is closed; the receptacle being in the storage mode when the receptacle is folded such that the first fastener location (34; 36) is in fastening engagement with the third fastener location, wherein the first fastener location (34, 36), the second fastener location (34, 38) and the third fastener location are provided with fastener parts and wherein the receptacle is designed in that it is transformed from the open mode to the storage mode by multiple folds, the multiple folds including double folding the top of the receptacle so that a first fold closes the top of the receptacle and a second fold seals the top and positions the fastener parts for alignment and fastening and wherein the multiple folds further include the bottom of the receptacle being folded flat adjacent the second side and then folded sequentially towards the top of the receptacle until the fastener parts of the third fastener location and the first fastener location (34; 36) align due to the multiple folds; wherein the fastener parts then being fastened to secure the receptacle in the storage mode.