Abstract: The present embodiments describe an insulated drinking vessel and a multifunction lid. In an embodiment, the drinking vessel can be configured to receive a multifunction lid. The multifunction lid may, in one embodiment, include a first opening having a first cover. The first cover is movably disposed on the lid in at least a first and second position, where the first opening is larger when the first cover is in its first position than when in its second position. In an embodiment, the multifunction lid may additionally include a second opening for drinking or sipping directly through the lid. In an embodiment, the lid may include a second cover for covering the second opening in a first position and for allowing access to the fluid through the second opening in a second position. In an embodiment, liquid in said container dispenses more rapidly from the second opening when the first cover is in its first position than when in its second position.