A collapsible footwear and a method of altering the configuration thereof into a compact form, configured for transportation, is described; the collapsible footwear includes a top part and collapsible sole including: a top sheet, bottom sheet, lateral support elements, laterally extending channels, top hinge elements, bottom hinge elements and stopper element, reversibly assuming collapsed and erected configurations; the method includes providing a collapsible sole, providing at least one top part, compressing the collapsible sole to assume a collapsed configuration and altering the configuration of the collapsible sole to assume an erected configuration.