Abstract: Various embodiments are disclosed for applying a cool compression effect. One embodiment, among others, is an adjustable wrap configured as a sleeve with a variable peripheral size. The wrap comprises a first elongated layer comprising a liquid-absorbent sheet and a second elongated layer. The first elongated layer and the second elongated layer are substantially coextensive in size, and one of the first elongated layer and the second elongated layer is configured to be applied directly to a selected body part and provide a cold compression effect to the body part. The adjustable wrap further comprises a fastener coupled to one of the first elongated layer and the second elongated layer, the fastener comprising a first section and a second section for providing an adjustable peripheral size of the wrap.