Beverage cooling and dispensing unit

A beverage and cooling dispensing apparatus for holding both containerized and non-containerized beverages including a cooler unit adaptable for holding and cooling containerized products such as bottled and canned beverages and other chilled products, an internal container adaptable for holding non-containerized free-standing beverages which is positionable within the main cooler unit, and a dispensing mechanism accessible from the exterior of the cooler unit for dispensing the non-containerized beverage from the internal container. The internal container includes a first coupling mechanism which is engageable with a second coupling mechanism associated with the dispensing mechanism for providing fluid communication between the dispensing mechanism and the internal container when the first and second coupling mechanisms are engaged.