A portable, multi-mode, multi-user cooler for storing and selectively dispensing beverages. A plastic, cylindrical container forms a hopper that mounts a removable top. Multiple, external recessed channels are formed in the container at radially spaced-apart locations. Deployable legs formed of multiple segments are housed within the channels when retracted. A plurality of user-actuable dispensing spigots that are radially spaced-apart around the periphery of the body are located between adjacent legs. Legs are deployed by unfolding them once removed from the storage channels. Selectively deployable, coaxial sleeves fitted to leg elements can be slidably deployed to lock the knees in axial alignment to secure and brace the legs. An internal divider partitions the container volume into separate compartments aligned with separate radially spaced-apart spigots.