Abstract: The invention relates to a toy gun for projecting elastic bands. The gun is provided with a handle portion, a barrel portion and a trigger assembly. A launching assembly is mounted on the rearwardly extending part of the handle portion and is fixedly attached thereto. A lateral extension of the trigger assembly slides along the upper face of the rearwardly extending part and frictionally contacts the elastic bands which are positioned within a plurality of launching notches formed in the launching assembly at an angle to vertical.