Abstract: The present invention relates to a drink sleeve that includes a first layer, a second layer and a tab. The first layer includes a top end, a bottom end and lateral edges. The second layer also includes a top end, a bottom end and lateral edges. The lateral edges of the first layer are bonded to the lateral edges of the second layer such that a pocket is formed between the first and second layers. The pocket is adapted to receive a beverage container that is inserted between the top ends of the first and second layers. The tab extends between the bottom end of the first layer and the bottom end of the second layer. The tab includes a fold which unfolds as the beverage container is inserted into the pocket. Once the beverage container is fully inserted into the pocket, the tab forms a coaster.