Abstract: A knockdown toy is disclosed which may be assembled in numerous different configurations and includes a basic frame formed of a rectangular intermediate panel and opposed end panels secured thereto. Two side panels and two rocker panels are provided and may be respectively positioned along the long edges of the intermediate panel and upper or lower edges of the end panels to create different toy configurations as desired. Also provided are a plurality of elongate rods and two axle and wheel assemblies which permit the creation of canopy and wagon configurations respectively.