A removable collar of flexible, absorbent material fits over the neck of a bottle. The collar absorbs liquids that drip from the bottle. The material is initially shaped as an isosceles trapezoid. The collar is formed into a truncated, generally conical shape by overlapping two opposing vertices at each end of the shorter parallel edge of the trapezoid to form a point at a lower end of the collar to produce the appearance of a “cravat.” A vertex at the longer edge of the trapezoid overlaps a portion of the shorter edge of the trapezoid and is secured to the overlapped portion at a single point. The generally conical collar has an upper opening that expands to allow the collar to pass around the enlarged flange near the top of the bottle. The upper opening snaps back to an original size to fit against the neck of the bottle.