Abstract: A two-way dispenser cap has a main cap member and a toggle valve. The main cap member has two passages that allow material from inside an attached container to dispense. The first passage leads to a trap chamber that is defined by the main cap member and the toggle valve walls. The second passage leads to an outlet passage for continuous pouring dispensation. The toggle valve pivots in relation to the two-way dispenser cap between one of three positions: no dispensation, metered dispensation from the trap chamber passage or continuous pour dispensation. When the toggle valve pivots to open the trap chamber passage, the trap chamber inlet is closed off. When the toggle valve pivots to open the continuous pour passage, the trap chamber outlet remains closed. When the toggle valve pivots to the closed position, both the inlet passages are in fluid communication with the attached container's interior, but both outlets are closed. The main cap member has a recessed top portion.