A wallet pipe assembly which includes a base element and a lid element. A bowl element can be connected to a receiver opening in the lid element which connects with a bowl chamber formed within the base element that is otherwise sealed within the lid element. The lid and the base elements also form a mouth-piece opening for using the pipe. The wallet pipe is shaped in a discreet, portable design. It is designed for the consumption of small amounts of smoke or vapor producing material, such as cannabis, tobacco, hashish, wax or, concentrate.