Abstract: A balloon kite is formed with a plurality of sized sheets of gas impervious sheet material that form one or more fillable interior chambers. The balloon kite is capable of being flown and deployed in the presence or absence of a critical level of wind. When the critical level of wind is present a balloon kite lifts and assumes an aloft position with the interior chamber or chambers filled with air. If the wind is below the critical level of wind, the balloon kite may be filled with a lighter-than-air gas and flown with a minimal amount of wind, and by an individual having minimal training. The balloon kite is structured with extended and folded portions that provide a simple and low cost reinforced attaching arrangement for securing a bridle and kite flying line to the balloon kite. One or more of the sized sheet is formed with a coiled tail portion. Each coiled tail portion is extendable when uncoiled and useful for stabilizing a balloon kite when in an aloft position.