A flying disc toy formed from plastic resin includes a circular central body portion surrounded by a circular rim that has a stair-step cross-sectional configuration. The rim includes an upper step and a lower step that extends outwardly therefrom. Each step has a circular horizontal tread portion and an upright annular riser portion at right angles to one another. An inner surface of the lower riser is dimensioned to form a sliding fit over an outer surface of the upper riser of a similar disc that is positioned beneath it when the discs are placed in a stack.