Just a remark: I noticed that on most keys out there, when closed, the middle points up a bit instead of being completely flat. It would be great if it would close flat.
This guy managed to get his key almost completely flat when closed, but he doesn't use a springloaded mechanism, but som guiding rails in the side of the flaps to mechanically open and close them. Pretty clever, but it leaves you with inaccurate diagonal lines in the sides of the flaps. On the other hand I just love how the key closes completely and the flaps don't stay a but up:
See the difference between his "mechanical" version and the springloaded version when closed: