What exactly is wrong with the TV fold? It's as American as apple pie and native born presidents.
Mad men is a tv show and not real life. It is a bygone era and not today. TV folds were popular in the 50's and early 60's in the US but then died....for a reason.
My feeling is that if you want to look up-tight and anal wear a TV fold. The one exception is a "relaxed fold". If you aren't sure what a relaxed fold is then go back and read this thread. Just follow Luciano Barbera.
If you want to look relaxed or expressive wear points or a puff.