A stem connecting the handlebars and steerable fork of a cycle has one tube attached to the handlebars and another tube attached to the steerable fork with the tubes capable of being rotated and locked with respect to one another. This arrangement allows for various configurations of the handlebars and fork including the typical riding configuration as well as an alternate configuration where the handlebars are ‘folded’ with respect to the fork. Change in configuration is accomplished without tools by way of a biased locking arrangement for the tubes.