Disney to unveil real-life Star Wars 'lightsaber' It's a childhood dream come true. Disney has somehow managed to create a realistic lightsaber that can extend and retract at the press of a button. But don't get too excited - there's a chance it may never hit shelves. They've been tight-lipped, but in an investor call a few months back Disney let loose their plans to create the dream. READ MORE: Disney have created a retractable lightsaber to be unveiled next year.(Disney) Since then blueprints have been unveiled, and some have even gone to great lengths to create 3D renders of how it would work.Â