A combination can insulating sleeve and shotgunning device are provided. The device and method of use allow for rapidly emptying the contents of a can. The insulating sleeve is substantially cylindrical and has a pair of cooperating openings formed therein. A first opening is formed in the bottom portion of the sleeve and functions as a ventilating port adapted to receive a straw. A tubular cavity formed in the sleeve allows for storage of the straw. A second opening is formed in the lower sidewall of the bottom portion of the sleeve and functions as a drinking hole. The sleeve is placed over the can in the well known manner for use as a cozy. The sleeve is placed over the mouth of the can for rapid emptying, with the straw inserted into the ventilating port, the straw serving to allow air to enter the can without impeding flow from...

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