A lightweight, portable, and compact combination chair and equipment caddy. The combination chair and caddy is accomplished by using a standard five or six gallon bucket together with an integral seat and back rest. The back rest is movable between an extended position for supporting a user's back when seated on the bucket, and a retracted storage position. When the back rest is in its storage position, it is retracted almost completely within the interior of the bucket to enable easy carrying of the bucket via its handle. The back rest also uses the handle of the bucket to hold it in its extended position thereby keeping costs and materials to a minimum.