An insulating sleeve for a beverage container is disclosed. The insulating sleeve for a beverage container includes a first flexible cloth layer, having a first side and a second side defined by a first straight edge, a second straight edge opposite the first straight edge, a first curved edge, and a second curved edge opposite the first curved edge, the first and second straight edges being generally perpendicular to the first and second curved edges. It further includes a second flexible cloth layer, having a first side and a second side defined by a first straight edge, a second straight edge opposite the first straight edge, a first curved edge, and a second curved edge opposite the first curved edge, the first and second straight edges being generally perpendicular to the first and second curved edges, wherein the first straight edge, second straight edge, first curved edge, and second curved edge of the second flexible layer are attached to the first straight edge, second straight edge, first curved edge, and second curved edge of the first flexible portion, respectively, a third flexible foam rubber layer disposed between the first flexible layer and the second flexible layer, a first fastener disposed upon the first side of the first flexible layer proximate to the second straight edge, and a second fastener disposed upon the second side of the second flexible layer proximate to the first straight edge of the second flexible layer.