Abstract: The treat-dispensing tug toy is a pet toy intended for the convenient dispensing of dog treats or similar chewable pet food during interactive play between a dog and its owner. The toy has a hollow, handle portion and a nose portion with a ring for attaching a rope or pull toy. The handle portion has an access hole with a removable cap and may be filled with dog treats. The handle portion ends in a sleeve with a plurality of holes spaced radially about its circumference. The nose portion slides over the sleeve. When a dog pulls on the rope or pull toy, the nose portion slides and uncovers the holes on the sleeve, thus dispensing the dog treats. The resistance of the treat dispensing tug toy may be adjusted to accommodate different sizes and breeds of dogs.