Abstract: An inflatable container is disclosed comprising a substantially flexible outer wall and inner wall defining an inflatable envelope, the inner and outer wall terminating in a bottom wall member. A first collar extends around the periphery of the upper portion of the outer wall and a second collar extends around the periphery of the bottom section of the outer wall. The first and the second shoulder are releasably securable to one another through a cap member. The envelope has an openable and a closable opening therein for inflating and deflating the container.