Abstract: A towing apparatus includes a generally tubular shaped elongated housing for enclosing an elastic cord secured to points on a towing cord. The towing cord is disposed, at least in part, within the elongated housing and is capable of extending, at least in part, through the opposing open ends. The elastic-type cord is secured at opposite ends thereof to spaced apart terminating points of the towing cord such that the length between the spaced apart points is greater than the length of the elastic cord. The elastic cord in the relaxed condition serves to bunch the towing cord segment between the space apart point within the elongated housing without entanglement. Connectors may be secured to each of the opposite ends of the towing cord for attachment of the towing apparatus to, respectively, a towing vessel and to a watercraft.