We are inspired by the tensile buckling of a thin sheet with a slit to create a foldable planar metamaterial. The buckled shape comprises two pairs of identical e-cones connected to the slit, which we refer to as a k-cone. We approximate this shape as discrete vertices that can be folded out of plane as the slit is pulled apart. We determine their kinematics and we calculate generic shape properties using a simple elastic model of the folded shape. We then show how the folded sheet may be tessellated as a unit cell within a larger sheet, which may be constructed a priori by cutting and folding the latter in a regular way, in order to form a planar kirigami structure with a single degree of freedom.