Real-world invisibility cloaks are not only theoretically possible -- they may be coming faster than anyone might have guessed, a few years back.

The cloaks would rely on so-called "metamaterials": composites structured to let electromagnetic waves flow them, rather than reflect those waves back. (That's a called "negative refractive index" in science-speak.) In theory, it should work with any wavelength -- ultraviolet, microwave, visible, you name it. But, in practice, "invisibility in the optical spectrum will be challenging because metamaterials will need to be constructed on a scale corresponding to the wavelengths of visible light, which is just a few hundred nanometers," DANGER ROOM's David Hambling noted. "That technology will not be around for at least five years."
Except now, researchers at Purdue University are saying they've created a metmaterial that bends "infrared light with a wavelength of 813?nm. This is claimed to be the shortest wavelength yet for such a metamaterial and lies just outside of the visible spectrum at
380–780?nm," according to Physics Web.