A bag is provided. The bag has a first compartment for receiving a food item, said first compartment being formed of a stretchable insulating material, a second compartment for receiving a beverage container, said second compartment having an open end for receiving said beverage container and a closed end opposite said open end, said closed end having a rounded profile when said bag is in a flattened condition, said rounded end being radially expandable to allow said bag to stand upright, said second compartment being formed of a stretchable insulating material, a connecting means for connecting said first and second compartments and for keeping the contents of said first and said second compartments separate from one another; and a closure means for closing at least said first compartment.