Wow, this thread is back from the dead. (For a good laugh, take a close look at the date of my original post again.)
“Folding wings” is a refernce to the military cuts/base closures that were going on early in the Clinton admin.
A wing is the main base-level unit in the AF (roughly equivalent to a brigade in the Army, I believe, although I don’t know the Army structure very well.) A wing is usually made up of 4 groups (Ops, Support, Med, and Maint.) The groups are made up of several squadrons each. Squadrons vary in size - normally 50-250 people.
Army:
Squad
Platoon
Company
Batallion
Regiment/Group/Brigade
And specialized units .....