Yup! In C you can mmap out a big anonymous region and then it will only take up actual resident space for pages you use. I'm not sure if Zig exposes this in the stdlib somewhere or if you'd just do it through libc.

If you're doing something like per-request or per-frame arenas you can clear the arena without having to reallocate the whole mapping. And depending how fancy you want to get you can mark the pages unused when you clear the arena so that the OS can reclaim them if needed.