Abstract: A chewable pet toy has an outer sheath defining an interior cavity and made of a flexible liquid permeable material and an inner body made of a material capable of soaking up a liquid and being disposed within the interior cavity of the outer sheath. The inner body is captured within the outer sheath and the liquid may pass into and from the inner body through the outer sheath and the liquid soaked up by the inner body may become frozen and melt so that the outer sheath and the inner body will remain wet while and after the liquid melts and while the toy is being chewed on by a pet. The inner body further is made of a material capable of assuming a semi-rigid and semi-flexible condition when the liquid therein becomes frozen and a substantially flexible condition when the liquid therein is melted. The water soaked toy is stored in a resealable bag made of a liquid impermeable material during freezing of the toy.