The present invention relates to a toy gun that is capable of firing multiple projectiles using an internal rotating firing assembly. The toy gun further provides a separate target launching mechanism to launch a target object into the air for use as a target when firing the projectiles. A plurality of projectiles is spring-loaded into a cartridge on a barrel of the gun, where they can then be sequentially fired from the gun in rapid succession by pulling a projectile trigger. The projectile trigger activates a rotating firing control disc inside the barrel of the gun to fire at least one projectile every time the projectile trigger is pulled. Additionally, the toy gun is capable of launching a flying object with a separate mechanism for use as a target when firing the projectiles.