{'name':['One','Two'], 'id':[1,2]}

[{'name':'One','id:1},{'name':'One','id:2},{'name':'Two','id:1},{'name':'Two','id:2}]

from itertools import product
my_dict = {'name':['One','Two'], 'id':[1,2]}
variants = product(my_dict['name'], my_dict['id'])
for variant in variants:
    print(variant)

from itertools import product
d = {'name': ['One', 'Two', 'Three'], 'id': [1, 2, 3]}
print [dict(name=x[0], id=x[1]) for x in product(*d.itervalues())]

my_dict['name'], my_dict['id']

name=x[0], id=x[1]

from itertools import product
d = {'name': ['One', 'Two', 'Three'], 'id': [1, 2, 3]}
keys = d.keys()
print [dict(zip(keys, x)) for x in product(*d.itervalues())]

d = {'name': ['One', 'Two', 'Three'], 'id': [1, 2, 3]}
keys = list(d.keys())
prod = product(*d.values())
res = []
for values in prod:
	sl = {}
	for i in range(len(keys)):
		sl[keys[i]] =  values[i]
	res.append(sl)