You can have your graphene or your insane non-flammable fabric or some NASA space material, magic material to me will always be bubble wrap. It's catnip for humans with souls and the process to make it is pretty fascinating. It starts with resin that is vacuumed out and heated to create a film and used to trap air.
One day we will make a How It's Made infinite GIF loop of how to make an infinite GIF loop of a How It's Made program to start a chain reaction that will destroy the space-time fabric. Until then, enjoy Sploid's How It's Made Infinite GIF series.