a plastic container and package having a self - draining feature is provided . the container includes a bottle with a dispensing spout which has a thread or other closure retention device molded therein and an annular sleeve encircling the spout and cooperating therewith to form a channel for capturing excess liquid flowing down the outside of the spout following dispensing of such liquids . an aperture is provided for draining liquid from the channel to the body portion of the container . a closure having thread or other retention device engages the closure retention device of the spout to form the remainder of the package .