A headband and eyeglasses combination comprises a headband element which is receivable on the head of a wearer and has an open pocket formed therein, an eyepiece which is receivable in the pocket and a mounting assembly for mounting the eyepiece on the headband element. The eyepiece is mounted on the headband element so that it is alternatively positionable in a retracted first position wherein it is received in the pocket for use of the device as a conventional headband or an operative second position wherein it extends from the headband element for use of the device as a headband and eyeglass combination.