A retractable leash and collar/harness assembly. The assembly includes a hub that contains a spring member and leash line coiled and enclosed within the hub. The spring member and leash line remain in constant communication with each other. The hub contains an aperture through which the leash line can flow. Extending outwardly from the hub are snap buckles, one of which is structured to have a channel formed therein. The leash line can flow through the channel to a handle, which is contained within a pouch formed on the attached collar. When the leash is pulled, the handle separates from the pouch, followed by the leash line. Thus, when in use, the leash line follows a path of travel from the hub, through the snap buckle, through the pouch and into the external environment. In an alternative embodiment, the current invention may be a leash and harness assembly.