My method is to pick it up by the sides of the color, fold the sleeves back, and then fold it in half vertically by moving the collar forward and back while putting it on the ground. I'm not sure how to explain that better. It doesn't even touch the ground until the last fold.
It doesn't end up that nicely folded, but it's good enough for me.
Also, I never understood the advice you linked to. As far as I can tell, it's not any faster than any other method.
I've followed those directions, but not often enough to memorize the process. It's very fast.
r/Fitness does a weekly "Moronic Monday", a judgment-free thread where people can ask questions that they would ordinarily feel embarrassed for not knowing the answer to. I thought this seemed like a useful thing to have here - after all, the concepts discussed on LessWrong are probably at least a little harder to grasp than those of weightlifting. Plus, I have a few stupid questions of my own, so it doesn't seem unreasonable that other people might as well.