Abstract: This disclosure deals with a pipe sleeve used to form a hole when pouring a concrete slab or the like. The pipe sleeve includes a tubular elongated side wall having an end wall closing one end thereof and a radially outwardly extending flange at the other end thereof. Longitudinally extending ribs are formed on the outside surface of the side wall, and a plurality of grooves are formed in the inner surface of the side wall. The side wall is tapered, and due to this taper, the pipe sleeves may be compactly stacked for storage or for shipping purposes. The sleeve may be used either in its original length or, if desired, in a shorter length by cutting the side wall to a desired length and then telescoping the two cut sections together. When stacked for shipping or storage, the ribs are located in the grooves but when two cut sections are telescoped, the ribs are out of the grooves and tightly bind the two sections together.