Abstract: A water play toy comprising a base portion and an elevatable, elongated upper portion having a water deflector mounted at the top. A source of water under pressure is coupled to an upwardly directed nozzle located in the base portion. When the water pressure is turned on, a jet of water is directed upwardly from the nozzle through the upper portion to the deflector and the force of water lifts the upper portion into the air where it balances on the head of the water stream. When the deflector is an impeller, the upper portion rotates and an umbrella-shaped shower of water is broadcast outwardly from the deflector. As long as the water pressure is uninterrupted, the upper portion is balanced on the top of the water stream from the nozzle and continues to spray water in a circular pattern around the toy. The nozzle is slidably positionable to enable it to be positioned to direct the water stream directly vertical.