A combination dip and cake holder and punch bowl is readily configurable between any of three configurations. A platter member has a base with a female receiver, while a first type of receptacle has an extension that is receivable within the receiver so that when the first receptacle faces upwardly, a dip holder is formed. A second receptacle also has an extension that is receivable within the first extension of the first receptacle in order to form a punch bowl. When the first receptacle rests on its rim and the platter member receives the receptacle's extension, the device acts as a cake holder with the second receptacle being used as a cover that sits on the platter member.