Abstract: Game apparatus comprising a ring with a flight stabilization member attached to the ring, with the axis of the flight stabilization member being generally parallel to the plane of the attached ring during flight. A launching device is used to launch the ring from a first player to a second player, and the characteristics of the ring and attached flight stabilization member cause the ring and attached flight stabilization member to rotate in flight, such that the ring can be caught by an opposing player and relaunched to the first player, or launched toward a target, providing greatly enhanced play value over prior art toys.