Abstract: An adjustable storage container is formed with a removable lid that fits telescopically over the bottom section. The container's storage capacity is adjustable based upon the ability to increase and/or decrease the container's capacity by changing the orientation of the lid placement telescopically over the container bottom. Key slot ledges of differing depths that are designed into the side walls of the container's bottom section enable the lid to perch at different heights above the floor of the container depending upon which orientation of the lid is used when placing the lid telescopically over the container bottom. The abstract is not intended to be limiting in regard to the scope of the invention as defined by the claims to follow.