Old Dominion Parker House Rolls

4 3/4-5 1/4 cups all-purpose flour
1/3 cup sugar
2 packages fast rising yeast
1 1/2 teaspoons salt
3/4 cup milk
3/4 cup water
1/4 cup butter or margarine
1 large egg
1/4 cup butter or margarine, melted

In large bowl, combine 2 cups flour, sugar, undissolved yeast, and salt.
Heat milk, water, and 1/4 cup butter until very warm (120 to 130 F).
Stir into dry ingredients.
Beat 2 minutes at medium speed of electric mixer, scraping bowl occasionally.
Add egg and 1/2 cup flour; beat 2 minutes at high speed.
Stir in enough remaining flour to make a soft dough.
Knead on lightly floured surface until smooth and elastic, about 8 to 10 minutes.
Cover;* let rest 10 minutes.
(*Ifdesired, allow dough to rise in refrigerator 12 to 24 hours.).
Divide dough in half; roll each half to 12-inch square, about 1/4-inch thick.
Cut each into 6 (2 x 12-inch) strips.
Cut each strip into 3 (4 x 2-inch) rectangles.
Brush each rectangle with melted butter.
Crease rectangles slightly off center with dull edge of knife and fold at crease.
Arrange in rows, slightly overlapping, on greased baking sheets, with shorter side of each roll facing down.
Allow 1/4-inch of space between each row.
Cover; let rise in warm, draft-free place until doubled in size, about 30 minutes.
Bake at 400 F for 13 to 15 minutes or until done.
Remove from sheets; cool on wire rack.
Brush with remaining melted butter.