Abstract: The present invention is a collapsible ratcheting socket wrench having a ratcheting member and a first and second rod pivotally carried by the ratcheting member. Connected to the ratcheting member is an extension and a socket that are designed to engage a lug nut on a vehicle's tire. The first rod and second rod have a locked positioned, which is secured by a pair of sleeves that are slidably mounted on the rods. In the locked position a rotational force applied to the rods is transmitted as a torque to the socket and lug nut. The rods also have an attachment stub positioned on the ends of the rods distal from the ratcheting member that is designed to carry and hold the extension and socket when these two pieces are not in use. In addition, when the extension and socket are carried by the rods and the rods are in their collapsed position, the wrench presents a smaller, more compact profile, thus reducing the amount of space necessary to store the wrench.