An animal chew toy for carnivorous animals and a method for making the animal chew toy. The animal chew toy is primarily for dogs, and is safe, entertaining, and satisfies their inherent and instinctive need to chew. The chew toy is particularly safe for older dogs, dogs with weak jaws, and puppies with relatively new teeth. The chew toy is formed into a desired shape from a rawhide bit mixture of rawhide bits or pieces and a bonding agent and/or adherent. A plurality of flavor chunks, for example jerky pieces, are interspersed in the rawhide bit mixture to provide an enticing flavor and aroma that encourages an animal to continue to chew to reveal more flavor chunks. The rawhide bit mixture can further include health affecting additives. One method of forming the chew toy includes extrusion molding which can be coupled with baking or heat-treating to destroy unhealthy pathogens and solidify the chew toy. An elongated jerky member may also be encased within the chew toy.