diff --git a/platform/lang-impl/src/com/intellij/execution/console/FoldLinesWithSubstring.java b/platform/lang-impl/src/com/intellij/execution/console/FoldLinesLikeThis.java
similarity index 89%
rename from platform/lang-impl/src/com/intellij/execution/console/FoldLinesWithSubstring.java
rename to platform/lang-impl/src/com/intellij/execution/console/FoldLinesLikeThis.java
index 0c04f8ba69c1..f5e7072ce0c0 100644
--- a/platform/lang-impl/src/com/intellij/execution/console/FoldLinesWithSubstring.java
+++ b/platform/lang-impl/src/com/intellij/execution/console/FoldLinesLikeThis.java
@@ -1,5 +1,6 @@
 package com.intellij.execution.console;
 
+import com.intellij.execution.impl.ConsoleViewImpl;
 import com.intellij.openapi.actionSystem.AnActionEvent;
 import com.intellij.openapi.application.ApplicationManager;
 import com.intellij.openapi.application.ModalityState;
@@ -14,12 +15,14 @@ import org.jetbrains.annotations.Nullable;
 /**
  * @author peter
  */
-public class FoldLinesWithSubstring extends DumbAwareAction {
+public class FoldLinesLikeThis extends DumbAwareAction {
   private final Editor myEditor;
+  private final ConsoleViewImpl myConsole;
 
-  public FoldLinesWithSubstring(Editor editor) {
+  public FoldLinesLikeThis(Editor editor, ConsoleViewImpl console) {
     super("Fold lines like this");
     myEditor = editor;
+    myConsole = console;
   }
 
   @Nullable
@@ -71,5 +74,6 @@ public class FoldLinesWithSubstring extends DumbAwareAction {
         }, ModalityState.stateForComponent(createComponent()));
       }
     });
+    myConsole.foldImmediately();
   }
 }
diff --git a/platform/lang-impl/src/com/intellij/execution/impl/ConsoleViewImpl.java b/platform/lang-impl/src/com/intellij/execution/impl/ConsoleViewImpl.java
index c67b24f4ee41..a19cc284deac 100644
--- a/platform/lang-impl/src/com/intellij/execution/impl/ConsoleViewImpl.java
+++ b/platform/lang-impl/src/com/intellij/execution/impl/ConsoleViewImpl.java
@@ -19,7 +19,7 @@ package com.intellij.execution.impl;
 import com.intellij.codeInsight.navigation.IncrementalSearchHandler;
 import com.intellij.execution.ConsoleFolding;
 import com.intellij.execution.ExecutionBundle;
-import com.intellij.execution.console.FoldLinesWithSubstring;
+import com.intellij.execution.console.FoldLinesLikeThis;
 import com.intellij.execution.filters.*;
 import com.intellij.execution.process.ProcessHandler;
 import com.intellij.execution.ui.ConsoleView;
@@ -146,6 +146,23 @@ public class ConsoleViewImpl extends JPanel implements ConsoleView, ObservableCo
     myEditor.getCaretModel().moveToOffset(myEditor.getDocument().getTextLength());
   }
 
+  public void foldImmediately() {
+    ApplicationManager.getApplication().assertIsDispatchThread();
+    myFoldingAlarm.cancelAllRequests();
+
+    myPendingFoldRegions.clear();
+    final FoldingModel model = myEditor.getFoldingModel();
+    model.runBatchFoldingOperation(new Runnable() {
+      public void run() {
+        for (FoldRegion region : model.getAllFoldRegions()) {
+          model.removeFoldRegion(region);
+        }
+      }
+    });
+
+    updateFoldings(0, myEditor.getDocument().getLineCount() - 1, true);
+  }
+
   private static class TokenInfo{
     private final ConsoleViewContentType contentType;
     private int startOffset;
@@ -763,7 +780,7 @@ public class ConsoleViewImpl extends JPanel implements ConsoleView, ObservableCo
     final DefaultActionGroup group = new DefaultActionGroup();
     group.add(new ClearAllAction());
     group.add(new CopyAction());
-    group.add(new FoldLinesWithSubstring(myEditor));
+    group.add(new FoldLinesLikeThis(myEditor, this));
     group.addSeparator();
     final ActionManager actionManager = ActionManager.getInstance();
     group.add(actionManager.getAction(DiffActions.COMPARE_WITH_CLIPBOARD));
@@ -832,10 +849,10 @@ public class ConsoleViewImpl extends JPanel implements ConsoleView, ObservableCo
     ApplicationManager.getApplication().assertIsDispatchThread();
     PsiDocumentManager.getInstance(myProject).commitAllDocuments();
     highlightHyperlinks(myEditor, myHyperlinks, myCustomFilter, myPredefinedMessageFilter, line1, endLine);
-    updateFoldings(line1, endLine);
+    updateFoldings(line1, endLine, false);
   }
 
-  private void updateFoldings(final int line1, final int endLine) {
+  private void updateFoldings(final int line1, final int endLine, boolean immediately) {
     final Document document = myEditor.getDocument();
     final CharSequence chars = document.getCharsSequence();
     final int startLine = Math.max(0, line1);
@@ -844,7 +861,7 @@ public class ConsoleViewImpl extends JPanel implements ConsoleView, ObservableCo
       addFolding(document, chars, line, toAdd);
     }
     if (!toAdd.isEmpty()) {
-      doUpdateFolding(toAdd);
+      doUpdateFolding(toAdd, immediately);
     }
   }
 
@@ -878,7 +895,7 @@ public class ConsoleViewImpl extends JPanel implements ConsoleView, ObservableCo
     }
   }
 
-  private void doUpdateFolding(final List<FoldRegion> toAdd) {
+  private void doUpdateFolding(final List<FoldRegion> toAdd, final boolean immediately) {
     assertIsDispatchThread();
     myPendingFoldRegions.addAll(toAdd);
 
@@ -887,7 +904,7 @@ public class ConsoleViewImpl extends JPanel implements ConsoleView, ObservableCo
       public void run() {
         assertIsDispatchThread();
         final FoldingModel model = myEditor.getFoldingModel();
-        model.runBatchFoldingOperationDoNotCollapseCaret(new Runnable() {
+        final Runnable operation = new Runnable() {
           public void run() {
             assertIsDispatchThread();
             for (FoldRegion region : myPendingFoldRegions) {
@@ -896,10 +913,15 @@ public class ConsoleViewImpl extends JPanel implements ConsoleView, ObservableCo
             }
             myPendingFoldRegions.clear();
           }
-        });
+        };
+        if (immediately) {
+          model.runBatchFoldingOperation(operation);
+        } else {
+          model.runBatchFoldingOperationDoNotCollapseCaret(operation);
+        }
       }
     };
-    if (myPendingFoldRegions.size() > 100) {
+    if (immediately || myPendingFoldRegions.size() > 100) {
       runnable.run();
     } else {
       myFoldingAlarm.addRequest(runnable, 50);