The “Astronomers Without Borders AllSky” 120mm collapsing telescope does not really fit in the toy category, though it might be attractive as an older kid’s telescope. This is a superb beginner’s scope with unique features that are not just hype. It actually works very well!
Read all about it at https://shop.astronomerswithoutborders.org/collections/frontpage/products/awb-onesky-reflector-telescope
See the authoritative and detailed review from Sky and Telescope here: http://www.skyandtelescope.com/wp-content/uploads/OneSkyReflector.pdf
Also see a great video here:
You may also be interested in a much older “collapsing” scope (Eikow) that was highly experimental back in the mid 20th century. That one was a failure in my opinion. Some 70 years later with the AWB 120mm scope they got it right. Here’s the link to the older one: https://www.youtube.com/edit?o=U&video_id=6NzubDnX_1Q