A personal watercraft including a hull and at least two pontoons repositionably attached to the hull with at least one pontoon attached proximate the starboard side and at least one pontoon attached proximate the port side. The pontoons are laterally and longitudinally repositionable as between a storage position in which the pontoons are generally longitudinally aligned relative to the hull and have a minimized lateral distance between the pontoons, and a flotation position in which the pontoons are shifted aft relative to the longitudinally aligned storage position and have a maximized lateral distance between the pontoons. Also, a personal watercraft having one or both of (i) a pair of laterally spaced hitch attachments secured to the hull proximate the bow of the hull, and/or (ii) a pair of laterally spaced hitch attachments secured to the hull proximate the stern of the hull 20. This aspect of the personal watercraft permits the personal watercraft to be used with various accessories such as a towing attachment, a wheeled attachment, a transom, an interconnecting linkage and a supplemental decking attachment.