An improved container for food and other perishable products comprising a simple construction and a multi-functional cap. The receptacle portion is a blow molded plastic, while a outer layer comprising a shrink-wrap graphics carrier is applied over the receptacle and cap. The multi-functional cap nests over and seals the mouth end of the container, inverts to seat on the mouth of the container as a bowl, and nests over the base of the container for storage while the container is in use.