Abstract: The present invention provides a collapsible insulative container including a shell having at least one sidewall, a bottom, and a top, where the container is biased toward an operative position wherein the open top is distanced from the bottom to provide an interior defined by the shell. The container further includes a spring that provides the bias urging the container toward the operative position. A liner extends from the shell into the interior defined by the shell to define, in said operative position, a container volume for storing items. In the operative position, air space exists between the shell and the liner. The bias of the spring may be countered to collapse the container from the operative position to a collapsed position to facilitate storage of the container when not in use. Venting means is provided to allow the air to exit and fill the air space when the container is collapsed or moves to the operative position.