Here is a recursive generator, which doesn't store any temporary lists
def product(ar_list):
if not ar_list:
yield ()
else:
for a in ar_list[0]:
for prod in product(ar_list[1:]):
yield (a,)+prod
print list(product([[1,2],[3,4],[5,6]]))
Output:
[(1, 3, 5), (1, 3, 6), (1, 4, 5), (1, 4, 6), (2, 3, 5), (2, 3, 6), (2, 4, 5), (2, 4, 6)]