A tossable pet toy is provided in either an annular or disc shape. The ring or disc comprises a perimeter having an inner rib and an outer rib, the ribs forming an interstitial space therebetween for holding a consumable pet treat. The inner rib is a single, continuous rib circumscribing the innermost portion of the ring. The outer rib is a single, continuous rib circumscribing the outermost portion of the ring. The inner rib and outer rib are concentric, with the outer rib having a greater circumferential distance than the inner rib. The interstitial space formed between the ribs is likewise a single, continuous space circumscribing the area between the ribs. The space accommodates the placement of at least one treat, and may accommodate a plurality of treats along the circumference of the ring.