Stubby Holder
Australian SlangDefinition
An insulating foam or neoprene sleeve for a beer bottle or can, keeping the drink cold and hands dry.
Examples
"Grab me a Stubby Holder from the esky so my beer stays cold while we watch the footy."
"She slipped her tinnie into a Stubby Holder to keep the drink cold and her hands dry at the barbie."
"The pub was giving away branded Stubby Holders for both bottles and cans."