A pet toy holds another item that can be chewed upon by a pet. The pet toy holds the item with a flexible retainer disposed within and protected by a central hub. The central hub can be provided with different external shapes including a round ball shape, an oval football shape, a flattened frisbee shape, an elongated bone shape, or a star shape with a plurality of arms. The central hub is configured to secure the retainer and protect the retainer from damage from the pet during use. The retainer can be a plurality of flexible fingers. The pet toy can have a plurality of arms projecting from the central hub. The central hub extends both above and below the arms to allow the pet to firmly hold the toy against the ground in a secure arrangement for both chewing on an arm of the pet toy and for chewing on a chew toy or edible item held by the pet toy.