Magnetic towel holder

A method of using a magnetic towel holder and a towel, the method comprising the steps of:

• inserting a threaded portion of the magnetic towel holder though an aperture formed in the towel;
• detachably connecting a first body portion of the magnetic towel holder to a second body portion of the magnetic towel holder by engaging a plurality of threads in the threaded portion with one of the first body portion of the magnetic towel holder and the second body portion of the magnetic towel holder, thereby selectively attaching the towel to the magnetic towel holder, wherein the first body portion and the second body portion are manufactured from a ferromagnetic material;
• and
• placing the magnetic towel holder in close proximity to a metal object, thereby using magnetic attraction to attach the magnetic towel holder to the metal object.

A magnetic towel holder, the magnetic towel holder comprising:

• a first body portion, the first body portion being manufactured from a ferromagnetic material;
• a threaded portion, the threaded portion being affixed to the first body portion;
• a second body portion, the second body portion being manufactured from a ferromagnetic material, the second body portion being removably attached to the first body portion by engaging the threaded portion into the second body portion;
• a first marker, the first marker comprising a recessed portion;
• a second marker, the second marker comprising a flat surface for displaying advertising materials, the second market being positioned over the recessed portion of the first marker;
• and
• a towel, the towel comprising an aperture wherein the threaded portion is inserted through the aperture and the first body portion is positioned on a first side of a surface of the towel and the second body portion is positioned on a second side of the surface of the towel.