Sure is!

Press and hold any app until it starts to "wiggle" (Apple's term). Then, while its wiggling, and with your finger still touching it, drag it on top of another icon. They will merge together and a folder will be created. It's hard to describe the effect, but here's a picture of what it will look like:



The iPad will automatically title the folder. However, you can rename the folder however you wish by pressing your finger in that white field (where the word Photography is in this picture).

As long as the apps are wiggling, you can drag them in and out of any folder - or create as many folders as you wish. You may also notice that the folders themselves wiggle, so you can move them around also (but no, you can't put a folder within a folder).

Once you are done making folders or moving around apps, then press the Home button once to stop the wiggling. And, you're done.

Hope that helps. Holler back if you need more...

Marilyn

Yeah, you need two to start, but once the folder is made - you can drag one back out. Then, you'll have a folder with just one app in it.

Marilyn