Yes, something like this may take a long time, but your students will think it is awesome and most importantly, they will remember the concept. In this example, there are 3 tabs of different plate boundaries. Under each flap is specific information about each type of plate boundary (ex: landforms that result)
Flip books are great for organizing groups of ideas that are related to each other. Students are able to see the big picture and have access to the details. 

To make this foldable, first decide how many tabs you will need. Round up to the nearest even number and divide by 2. That's how many pieces of paper you will need. Do not include the top or title flap in your tab count. Lay the papers on top of each other about a thumbs width higher for each page. Fold the stack in half and staple the top 3 times.