Abstract: A two or more part dispenser is provided having an elongated flexible housing which defines an interior chamber. A disc(s) is contained within the chamber and is movable from a closed to an open position. In its closed position, the disc(s) divides the chamber into two or more subchambers, each of which contains a different liquid. A collar is slidably mounted to the housing and coaxially disposed around each disc to maintain the disc in its closed position. Upon displacement of the collar away from the disc, a finger on the collar compresses the housing an displaces the disc to its open position thus allowing the two or more liquids in the subchambers to intermix together. A dispensing nozzle assembly having an outlet is fluidly connected by a fluid passageway to the housing chamber. A normally closed valve is positioned in series with this passageway so that, when the valve is moved to its open position, liquid within the housing chamber is dispensed out through the nozzle outlet.