A convertible placemat and carrier having a generally planar flexible sheet with a center portion for supporting an object, preferably food and beverage products. The carrier also includes a plurality of spaced-apart slits arranged in a plurality of concentric rings extending radially outward from the center portion of the sheet. The remaining portion of the sheet between the slits is interconnected to form a lattice structure. The sheet is moveable from a flat planar configuration to an expanded configuration in the form of a carrier. An object is held in the center of the sheet and handle portions are moveable upwardly away from the center portion and the sheet expands via the lattice structure to form a carrier for holding the object placed in the center portion.