Abstract: The present invention features a combination utility/camper trailer capable of being converted between a first utility functioning configuration or position, a second utility functioning configuration or position, and a sleep functioning configuration or position via means for repositioning, which allows first and second configurable panel members to be relocated or repositioned between these positions. In the first utility functioning position, the combination utility/camper trailer is capable of supporting and carrying a load atop the panel members, while simultaneously providing storage in the trailer bed below. In the second utility functioning configuration, the trailer is configured to increase the volume of the interior storage portion of the trailer bed by positioning first and second configurable panel members in an upward extending manner.