An expandable casing with enhanced collapse resistance and sealing capability. An expandable tubular for use in a subterranean well includes multiple recesses extending into a wall of the tubular, with the recesses being longitudinally spaced apart along the wall. A method of expanding tubulars in a subterranean well includes the steps of: expanding a tubular in the well, the tubular including multiple recesses extending into a wall of the tubular; and after the expanding step, allowing the wall of the tubular to retract radially inward more at each of the recesses than between the recesses.