Abstract: A serving tray is provided with multiple compartments, each compartment having distinct peripheral walls having a pair of bands of accordion, style pleats separated by a smooth section of wall running the entire perimeter of the walls. The bands of accordion style pleats allow the container to be folded at the pleats to compress the container to provide three volumes which are easily identifiable. The band of accordion style pleats include pleat locks which can be manually activated to prevent the band of accordion style pleats from being compressed.