A portable and multi-purpose T-shaped closet and coat rack includes a foldable flat base made of four equal plates which are joined together by hinges beneath the plates. A removable hollow cylinder which is a stabilizer/coin holder/piggy bank is mounted over the base. The stabilizer has a mass of at least three kilograms when filled with coins, sand, marbles or like materials. A single post directed vertically and divided into three separate sections allowing different height adjustments is mounted on the base. Two of the segments of the post are equipped with a motion control apparatus to neutralize to the arms' motions. A special bi-functional cap completes the erecting of the post and comprises of two opposite threaded extensions which are designed to receive the arms of the unit. Two removable and identical, trombone-shaped arms mounted on either sides of the cap constitute the racks for the hanging of garments. Two security extensions secure the bases of the arms with the post on either side. Four freely rotating cups located at the top of the base are used to secure the stabilizer and the base into one compact unit. Two freely rotating cups attach the arms to the cap of the unit.