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The two-point correlation function (2pcf) is the key statistic in structure formation; it measures the clustering of galaxies or other density field tracers. Estimators of the 2pcf, including the standard Landy-Szalay (LS) estimator, evaluate the 2pcf in hard-edged separation bins, which is scientifically inappropriate and results in a poor trade-off between bias and variance. We present a new 2pcf estimator, the Continuous-Function Estimator, which generalizes LS to a continuous representation and obviates binning in separation or any other pair property. Our estimator, inspired by the mathematics of least-squares fitting, replaces binned pair counts with projections onto basis functions; it outputs the best linear combination of basis functions to describe the 2pcf. The choice of basis can take into account the expected form of the 2pcf, as well as its dependence on pair properties other than separation. We show that the Continuous-Function Estimator with a cubic-spline basis better represents the shape of the 2pcf compared to LS. We also estimate directly the baryon acoustic scale, using a small number of physically-motivated basis functions. Critically, this leads to a reduction in the number of mock catalogs required for covariance estimation, which is currently the limiting step in many 2pcf analyses. We discuss further applications of the Continuous-Function Estimator, including determination of the dependence of clustering on galaxy properties and searches for potential inhomogeneities or anisotropies in large-scale structure.