An aquatic amusing toy is adapted for an aquatic game combining dive and amusement and includes a holding element and at least a sinking object. The holding element has a holding portion and a hollow portion defining an opening therein. In an aquatic game, the sinking object is pre-stored in water. The swimmer dives into water with the holding element. The sinking object is clamped in the opening and is taken out of water. The aquatic amusing toy has a shape like an aquatic animal biting a quarry, making the aquatic game more amusing.