A cylindrical container of liquid fuel has a removable closure through which projects a tubular fitting supporting an adjustable wick. A set of spring metal support members are mounted on the container and have movable leg portions supporting a cylindrical transparent globe for axial movement between a collapsed position surrounding the container and an elevated position when the leg portions spring outwardly to form a stabilized support. A cover plate mounts on the globe and is retained by a cap member which engages the fitting and seals with the closure when the globe is in its collapsed position. A flexible chain connects the cap member to an L-shaped wire arm pivotally supported by one of the support members for movement between a collapsed position on top of the cover plate to an extended position where the chain may be used to suspend the lantern.