An improved treat-dispensing pet toy includes a hollow chamber, which is made of flexible elastic material and has a plurality of slots in the inside of the chamber; the slot has a plug removably clamped to the slot, which is made of pet food and includes a protruding cap and a protruding button connected to each other to form a dumbbell shape, and a middle connection position of the plug can break when being chewed by a pet; the protruding cap is exposed out of the chamber and the protruding button is inserted into the slot; and the chamber has a food leakage opening in communication with the inside of the chamber, which has a block structure that can prevent food in the chamber from easily falling off, and when the chamber is pressed, the block structure deforms to enable the food in the chamber to leak from the opening.
