Last week, I read a lady's blog entry on how to roll up hosiery. It has some nice photos to illustrate the technique.
I am not sure that I want this technique for most of my hosiery, but it would make sense for packing my suitcase. I could store the rolled up hosiery in my shoes, and it would not take much extra space. The panty portion would protect the leg portion. It might also make sense for the hosiery that I wear at home, because I do not really care about its condition.