The pet toy consists of an inner elastomer ball having an inner ball wall, a squeaker mounted in the inner ball wall, an outer elastomer ball having an outer ball wall, an air hole mounted in the outer ball wall, the inner ball being within the outer ball. The outer ball protects the squeaker from dislodgement from the wall of the inner ball and protects the inner ball wall when the pet attacks the toy. The inner ball can be pushed through air hole so that the inner ball can be placed into the outer ball.