WinRAR (http://www.win-rar.com/features.html?&L=0) seems to be the best and most effective .zip file extractor. Whatever you need taking out of a zipped folder, WinRAR will do that for you. No payment or purchase required, unless you want the full vertion that is. Though, without the full version, it will do the job of extracting files from zipped folders for you anyhow.
(http://i.imgur.com/nqNScrd.png)
Once you have installed WinRAR, all zipped folders will appear as shown below:
(http://i.imgur.com/Mr7i0bH.png)
Once you have opened the zipped folder, you can then click 'extract to' and choose a destination for the contents inside to go. Keep note that you CAN hold the left CTRL key and click on specific contents in the zipped folder using WinRAR.
Hope this helps you and explains WinRAR in better detail/visual.