A portable multipurpose tackle box with a compartment for storing tackle, bait, and other fishing related items, and a separate cooler compartment for storing food, beverages, and bait. The top compartment can be opened to reveal several extendable tackle tray assemblies. The exterior surface of the top of the tackle box has a folding leg attached to it which can be used to support the tackle box when the tray assemblies are in an extended position. The top exterior surface also has a clip attached to it for holding a flashlight in position for the night fisherman. The handle, support leg, and clips connected to the top exterior surface pivot to a storage position which is flush with the surface to enable the top surface of the tackle box to be used comfortably as a seat. In a closed position, the tackle box defines a cavity which when combined with the fact that the tackle box is constructed of a lightweight, sturdy and waterproof material, enables the tackle box to maintain a buoyant effect if placed in water. The exterior surface of the bottom of the tackle box has rubber skid strips attached thereto to prevent the tackle box from moving either when sat upon or when being used as a typical tackle box.