Abstract: A pet toy includes an anchor member and at least one ring member connected thereto. The ring member has a noise making device. In one embodiment, the noise producing feature includes a squeaker protected within a housing disposed within the interior of the toy. In another embodiment, the noise producing feature includes multiple layers of material with one of the layers producing sound. When an outer shell of the ring member is deflected or compressed by contact, noise is produced by the noise making device.