  The {\it two-fold singularity} has played a significant role in our
understanding of uniqueness and stability in piecewise smooth dynamical
systems. When a vector field is discontinuous at some hypersurface, it can
become tangent to that surface from one side or the other, and tangency from
both sides creates a two-fold singularity. The flow this creates bears a
superficial resemblance to so-called {\it folded singularities} in (smooth)
slow-fast systems, which arise at the intersection of attractive and repelling
branches of slow invariant manifolds, important in the local study of canards
and mixed mode oscillations. Here we show that these two singularities are
intimately related. When the discontinuity in a piecewise smooth system is
blown up or smoothed out at a two-fold singularity, the resulting system can be
mapped onto a folded singularity. The result is not obvious, however, since it
requires the presence of nonlinear or `hidden' terms at the discontinuity,
which turn out to be necessary for structural stability of the blow up (or
smoothing), and necessary for mapping to the folded singularity.
