Abstract: A floating beverage holder for use in water sports. The beverage holder contains a plurality of cavities for holding cans or bottles, and has sufficient volume to provide the required buoyancy and which can support the beverage holder on water when the beverage holder contains combinations of cans and bottles. The design of the beverage holder makes the floating beverage holder virtually un-tipable. A housing is provided in the larger beverage holders for storage of food, ice, or bathing supplies.