We introduce revlex-initial 0/1-polytopes as the convex hulls of reverse-lexicographically initial subsets of 0/1-vectors. These polytopes are special knapsack-polytopes. It turns out that they have remarkable extremal properties. In particular, we use these polytopes in order to prove that the minimum numbers g nfac (d, n) of facets and the minimum average degree g avdeg (d, n) of the graph of a d-dimensional 0/1-polytope with n vertices satisfy g nfac (d, n) 3d and g avdeg (d, n) d + 4. We furthermore show that, despite the sparsity of their graphs, revlex-initial 0/1-polytopes satisfy a conjecture due to Mihail and Vazirani, claiming that the graphs of 0/1-polytopes have edge-expansion at least one.