Abstract: An improved yarn and thread dispenser is disclosed for supplying threaded material in different wound configurations to a user in the process of knitting or crocheting. The present dispenser comprises a base member intended to rest on a level surface near to the user and a circular support plate rotatably connected to the top of the base member by means of a ball-bearing coupling. A cone-shaped member having a coarse outer surface is centrally stationed in a vertical position upon the support plate with an elongated rod coaxially extending therethrough so that the cone-shaped member and rod rotate together with the support plate. The cone-shaped member is specially adapted to engage a variety of wound spools of yarn or like threaded material and holds the spools securely upon its coarse surface while rotating.