Some fellow board members have requested a tutorial on how to fold the cape so I've taken a few pictures to try and show how I approach it. Hope they help.
Step 1. is to completely remove the cape from the figure and flatten it out.
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Step 2. is to start folding the cape from the bottom edge. Carefully pinch the edges togther.
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Here you can see how the left hand side is folded whereas the right hand side is not - just for comparison.
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Step 3. is to watch out for any of these weird folds - they will ruin the look of the cape so try your best to get rid of them.
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One you have folded the whole thing, it should look like this:
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