It can keep up to 50 cans chilled for up to 36 hours and collapses down to less than three inches high. Cool.

Just right for overnight camping trips, picnics, or a long day at the beach, this space-saving beauty opens and closes in a snap and takes up about as much space as your average laptop. With its leak-proof insulation, the cooler can keep ice and up to 50 cans of soda (maximum weight: 55 pounds) chilled for up to 36 hours. Yes, you read all of that right. It features a zipped front pocket and a mesh back pocket, a built-in bottle opener, and a comfortable padded top handle for light loads and reinforced side handles for heavier lifts. The cooler can be wiped down for easy clean-up, and the whole thing collapses to less than three inches high, with a built-in elasticized strap ensuring it stays flat and compact when stored. Best of all, the cooler costs less than $30 bucks, making it a far more affordable option than some of its competitors.
Available in grey, blue, and red, Snapbasket Coolers measure 18.25″ L x 12.25″ W x 12″ H, and retail for $29.99 at clevermade.com