We study maps from a 2D world sheet to a 2D target space which include
folds. The geometry of folds is discussed and a metric on the space o
f folded maps is written down. We show that the latter is not invarian
t under area-preserving diffeomorphisms of the target space. The contr
ibution to the partition function of maps associated with a given fold
configuration is computed. We derive a description of folds in terms
of Feynman diagrams. A scheme to sum up the contributions of folds to
the partition function in a special case is suggested and is shown to
be related to the Baxter-Wu lattice model. An interpretation of folds
as trajectories of particles in the adjoint representation of SU(N) ga
uge group in the large-N limit which interact in an unusual way with t
he gauge fields is discussed.