Anything that makes life more fun is a must-have in our book. So, when we saw this party pal on "Shark Tank," we knew we had to share.

Meet the Muff 'Spender, an innovative yet simple product for the drinking enthusiast that's gotten rave reviews from customers and is available now for $50.

This handy item will quickly become a favorite for almost any occasion. So, what's a Muff 'Spender? Suspenders made out of tough, durable material and heavy-duty clips. And, it's gotta be durable because it features two insulated pockets per strap to hold 12oz cans or bottles, a magnetic Muff koozie for an extra drink, a metal bottle opener, and a small utility pocket.

The small utility pocket can be used to hold lighters, cigars, pocket knives, and more. The suspenders are available in black, navy, and a stars and stripes pattern perfect for Fourth of July celebrations. Wear it proudly at barbecues, fishing trips, picnics, tailgates, pool parties, and more.

Convenient and versatile? You bet! On average, a size small fits people 5'6" to 6'0" while a size large fits those 6'1" to 6'6". Of course, be sure to check the exact sizing info before you order.

So, whatcha waitin' for? Get your own Muff 'Spender for only $50 and enjoy the heck out of your next get-together.