A foldable refrigerator is provided. The foldable refrigerator moves from a functional First Position A to a collapsed Second Position B. The foldable refrigerator may be folded into the collapsed Second Position B for transportation and/or storage. The foldable refrigerator has an extendable handle and wheels which allow pulling or pushing the refrigerator in a manner similar to luggage. The refrigerator further has extendable and adjustable legs which allow the refrigerator to be raised or lowered to various heights. The refrigerator has a gyroscope which allows the compressor of the refrigerator to remain in an upright position.