1. An integrated circuit (IC) comprising: a plurality of storage circuits for storing a plurality of configuration data sets; an interconnect circuit for retrieving different sets of configuration data from the plurality of storage circuits, wherein the retrieved configuration data set comprises a bit for toggling a current state of the interconnect circuit, wherein the interconnect circuit switches to a logic state that is opposite to the current state when the bit for toggling the current state is at a first logic level, wherein the interconnect circuit maintains the current state when the bit for toggling the current state is at a second logic level that is opposite of the first logic level; and a configurable circuit for configurably performing one of a plurality of operations based on the current state of the interconnect circuit.