Abstract: A rapid refrigeration apparatus and method for beverages having a container (10) with a flexible thin-film aluminum or plastic receptacle (16) secured to an upper end of the container (10) by way of an expansion nut (18). The receptacle (16) has a variable volume and is arranged to be in thermal contact with an internal region of said container. A refrigerant is placed within said receptacle and as the volume of the receptacle decreases during collapse due to evaporation of escaping refrigerant provides cooling of the container's contents.