A liquid dispensing lid includes a lid body having an upper lower surface and a peripheral edge, and is sized so as to releasably cooperate with a fluid dispensing vessel having an internal cavity, and the lid body further defines a drinking aperture and a vent aperture; an elongated fluid dispensing member is mounted on the upper surface of the lid body; and an elastomeric valve member is releasably borne by the elongated fluid dispensing member, and which further is operable to move the elongated fluid dispensing member along a predetermined path of travel between a first and a second position.