An air-displacing vented dispenser cap for attachment to a dispenser container having a dispenser cap with a liquid dispensing spout outlet and a separate air inlet with a member therebetween defining an air flow passageway to act as a vent for air to enter the inside of the dispenser container on which the dispenser cap would be mounted. By providing an integral air inlet within the dispenser cap, the liquid within the dispenser container can be displaced by air entering the container, such that the flow of egressing liquid will be a smooth flow without the conventional “glug-glug” effect.