Abstract: A dual-function eyeglass retainer/sweatband comprising a central sweatband portion having on each end attached thereto a retainer portion having a tubular end. The sweatband portion is manufactured from a different material than the retainer portions. Preferably the sweatband portion is made from elasticized terrycloth and the retainer portions are made from an elastomeric foam such as neoprene. The present invention provides for tight, loose and storage configurations. A method of transforming the present invention between the loose and tight configurations, including a half-twist, is disclosed. An optional knotted configuration is also disclosed.