A flexible tool holder is provided. The tool holder is formed of a length of flexible material configured into discrete sections along which are positioned pockets and straps for securing tools associated with a specific tool, such as a socket wrench, including, for example, socket wrench handles, interchangeable sockets, socket adapters, etc. The flexible material and the discrete sections are configured such that the tool holder may be expanded and compacted by folding the flexible material in predetermined configurations.