This piece of electrical cordage is called a PowerSquid. It lets you connect multiple devices, even with big power converters, to a single outlet. It even has its own home page. They also have version that incorporate surge protection and other electrical interference. Available from Amazon for $11.99
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How is this remotely efficient? Useful, yes. Ingenious, sure. Efficient? It looks like it uses way more material than a normal power strip.
And it certainly shouldn’t be filed under “Power Saving Devices”.