Abstract: A beverage cooler for holding and cooling a beverage container has a generally cylindrical body formed from sponge rubber and having open top and bottom ends connected by a hollow interior. A plurality of polyethylene receptacles are spaced around the side wall of the body and are encapsulated therein. The receptacles are preferably filled wtih a gel refrigerant for cooling a beverage can. The cooler is expandable to securely hold a beverage container and to adapt to various different standard sizes of beverage cans and bottles.