Some do. I've met few which do not like to do it and always say my size was enough (which is not true) but they did not feel comfortable telling me.
But there are those who love it and it's a blast.
The girl I'm kinda of dating right now (I'm her side guy for kinks, she has a boyfriend with huge dick) loves to see it small and actually do stuff which makes it even smaller.
She doesn't like the sex but the power play she get from doing this to me. Loves to play with it when it's small after cumming. Most of the time our sex is m cumming in a minute or less and then she play with it while I lick her until she cums. Grabs photos, shares with friends some times so they can laugh...and I'm love it, she do too.