A multi-positional drink coaster includes a generally planar outer rim defining a periphery of the drink coaster. A base wall skirts downwardly from the outer rim to a base of the drink coaster. The base is configured to rest atop an underlying surface. A flexible central support depends laterally inwardly from the outer rim and includes opposed upper and lower surfaces. The flexible central support area is manually deflectable between a stationary collapsed position and a stationary expanded position. In the collapsed position, the upper surface defines a generally horizontal plane for supporting an object thereon and the lower surface is generally convex. In the expanded position, the flexible central support area forms an ornamental dome structure with both the upper surface being generally convex and the lower surface being generally concave.