A convertible sport wrap garment is disclosed that may convert to a purse/pack and vice versa. The garment may be formed of a composite fabric structure having an inner sheet and an outer sheet attached together to form a generally tubular shaped body. The garment may comprise an elastic fabric such that it fits snugly around the torso of the wearer. The garment may be worn around the waist and over one shoulder or both shoulders. A selectively closable pocket may be sandwiched between the inner and outer sheets, wherein the pocket may be accessible along one edge joining the inner and outer sheets, and wherein the garment may be folded into the pocket to convert the garment into a purse/pack.
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