A combination knitting needle and storage container is a set of knitting needles which are stored inside of one another by nesting of subsequently smaller needles within the larger needles, and intended to aid in the storage of knitting needles as well as reduce storage space. The largest needle in each set is equipped with a removable threaded cap, while the remaining needles in the set are equipped with an open ring on their top end. The ring allows for the detainment of the knitted article, yet allows smaller needles to be inserted inside of another. The use of the combination knitting needle and storage container allows users to store, transport, and keep track of their knitting needles in a manner, which is quick, easy and effective.