The lower portion (12) of a water toy (10) is buoyant and floats on a body of water (FIG. 1). An upper portion (14) of the toy includes an inner cavity (32) sides to receive the head (34) of a user. The user sights through a sight opening (30) in the upper portion (14). The user's hands are on the controls (64) for a pair of water guns (38,40). When the user depresses the triggers (54) the water guns (38,40) pump water up through the water guns (38, 40) and discharge the water in the form of streams at some target selected by the user. The upper portion (14) is inflatable to give it stand up rigidity.