Abstract: The present invention relates to a towel with a stabilizing fold for use mainly at a gym, at a pool, on a beach, and during sport activities, especially running and playing basketball. The towel, with an upper first end and a lower second end, having a front and a reverse side, comprises a stabilizing fold with a front side and a reverse side, a pocket attached to the reverse side of the stabilizing fold, a zipper attached to the front side of the stabilizing fold, a hanger having a first magnet and a second magnet, a cord connecting the first magnet and the second magnet, having a first end and a second end, and a means of attaching the stabilizing fold to the reverse side of the towel. The stabilizing fold is created by bending backwards the upper first end of the towel approximately at ? length of the towel measured from a top.