An insulated drinking vessel, e.g., a wine glass, and a method of making the same is disclosed. The drinking vessel basically comprises an outer vessel, an inner vessel and a ring. The inner and outer vessels each include a sidewall. The sidewalls are spaced apart. At least one of the outer vessel, the inner vessel and the ring are pre-molded to form an integral structure having a vestige of a molding gate used to mold the integral structure. At least one of the inner and outer vessels and the ring is molded in situ on the integral structure to cause portions thereof to melt and intermingle to form a non-superficial homogenous joint, with the ring forming the rim or lip of the insulated drinking vessel.