Abstract: The present invention provides an improved golf club having an adjustable length shaft retractable between fully extended and collapsed positions. In one embodied form, the inventive golf club comprises plural concentric telescopic interlocking tubular sections which produce a friction lock between the tubular sections in a fully extended position. When the inventive club is in a fully collapsed position, the proximate ends of the tubular sections are disposed in relation to one another in sufficient distance to permit grasp of a player's hand about one of the tubular sections, but without the occurrence of pinch between proximate ends of the tubular sections. In another embodiment of the invention, a durable lightweight golf bag is provided which provides a convenient means for carrying the inventive golf clubs and associated golfing equipment.