An insulated baby bottle having a temperature indicator thereon. The baby bottle has a cylindrical construction with an open lower end and an open upper end. The upper end of the baby bottle is preferably angled. A cap having a nipple thereon can be removably secured to the upper end of the baby bottle to allow a baby to feed therefrom. The lower end includes a removable base thereon so that the baby bottle can be easily cleaned. The base includes a window on the lower surface thereof through which any of various indicia can be displayed. The indicia are positioned on a wheel that is rotatable by a user so that the window can display a desired indicia, such as the word “hot” or “cold” among others. Further, the lower end of the baby bottle may include a temperature display for measuring and displaying the temperature of bottles contents.