Abstract: A nested balloon holder comprising an inner balloon holder and an outer balloon holder. The inner balloon holder includes a generally frusto-conical, funnel-like balloon anchoring member, the balloon anchoring member having an upper perimeter and a lower perimeter, and an outwardly-extending perimetrical rim, the perimetrical rim being positioned adjacent the upper perimeter. The outer balloon holder is a generally frusto-conical, funnel-like member that is capable of securely receiving the inner balloon holder in a nested fashion. The frusto-conical outer member has an upper perimetrical rim and a lower perimeter, whereby the upper perimetrical rim of the inner holder is positioned adjacent the upper perimetrical rim of the outer holder.