How do I fold the playard for storage or travel?
First, release the snap straps and remove the mattress pad, then pull the center floor tab upward until you hear a click — the center must be halfway up before the top rails will unlock. Next, lift each top rail slightly, press the button on the side of the rail to release the two tubes, and push down; repeat on all four rails. Finally, wrap the mattress pad around the folded playard and fasten the straps.
From the official Graco NWL0000981737C Pack 'n Play Playard manual, page 10
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