Abstract: This invention relates to a new and useful type of flying toy, game, and sport activity device. It is comprised essentially of a flying saucer or disk with a centrally located elastic cord attached to the middle of the saucer, at the center of its axis of rotation. The terminal end of elastic cord is typically attached to one end of a swivel, and the other end of the swivel is typically attached to a ribbon tail. There are many embodiments of the Flying Saucer with Tether disclosed in the specification. This Flying Saucer with Tether may be used for doing tricks and for a variety of group games and sporting activities.