The disclosure provides a two-stage molded pet toy, which consists of a hard plastic liner which is primarily molded and a flexible material mantle which is secondarily molded and sleeves the liner, wherein the liner is a hollow shell formed by mutually butting half shells of upper and lower parts, openings are formed in its two opposite ends, multiple ribs are arranged perpendicular to a length direction of the liner in the liner, nicks are formed in all of the ribs, openings are also formed in two ends of the mantle respectively, and the openings in the two ends of the mantle correspond to the openings in the two ends of the liner respectively. The pet toy is multifunctional, and has both teething and food leakage functions; and in addition, the pet toy has advantages of the hard and flexible materials, and is multifunctional.
