Apparatus for insulating and/or carrying a beverage container

Apparatus comprising:

• a cylindrical container comprised of a cylindrically formed wall of insulative material, said cylindrical container having a variable diameter where a bottom region of said cylindrical container has a larger diameter than a top region, and wherein said top region of said cylindrical container has an open-end;
• said cylindrically formed wall having an interior wall surface and an exterior wall surface;
• said cylindrically formed wall having an upper region with an openable and closable vertically oriented seam which extends from said open-end at said top region of said cylindrical container to a lower region of said cylindrical container;
• said interior wall surface of said cylindrically formed wall having a first adhesive portion thereon located substantially opposite the location of said vertically oriented seam and proximal said top region, said interior wall surface further including second and third adhesive portions generally flanking said first adhesive portion;
• a first elongated strap having a first end fixedly connected proximal said top region of said cylindrical container in relative circumferential alignment with the location of said first adhesive portion and a second attachable and detachable end which includes a fourth adhesive portion thereon;
• said exterior wall surface of said cylindrically formed wall having a fifth adhesive portion located at a bottom region thereof in general circumferential alignment with the location of connection of said first end of said first elongated strap;
• a second elongated strap having a first end connected proximal said bottom region of said exterior wall surface of said cylindrical container and a second end connected proximal a central region of said exterior wall surface of said cylindrical container, said second elongated strap being attached to said exterior wall surface in a generally vertical orientation spaced a select circumferential distance from the location of said first elongated strap;
• and
• wherein said cylindrical container is so structurally designed such that it is selectively configurable into two configurations, said two configurations comprising:
• a first configuration wherein said vertically oriented seam is closed, which is suitable for carrying a bottle;
• and
• a second configuration wherein said vertically oriented seam is open, and said top portion of said cylindrical container is folded downwards, which is suitable for carrying a can.