Insulated container holder

A beverage container holder, comprising:

• a lightweight porous resilient insulating flexible holder body having an open top, bottom wall, a substantially cylindrical continuous side wall enclosing a container when the container is positioned within the holder body and a central opening extending from the open top to the bottom wall, said side wall being provided with a narrow elongated slot extending in substantially parallel relationship to a longitudinal axis of the holder to allow visual determination of a level of contents in the container positioned within the central opening;
• a pair of handle means integrally formed at diametrically opposite sides of the continuous side wall, each of said handle means being oriented to extend in a generally vertical orientation, each of said handle means being formed by a convex outer surface and a concave inner surface, said inner surface being spaced from a continuous side wall to allow gripping of the handle means;
• and wherein said central opening is defined by a continuous cylindrical inner wall which exerts a discreet compression force on the container, while frictionally engaging the container and preventing the container from sliding within the holder.