A pet toy may include a hollow compressible body having a mouth about an opening leading to an interior of the body and a tab having a head and a neck extending from the head. The neck extends through the opening while the head is larger than the opening. The neck is slidable through the opening to move the head between a silent position and a squeaking position. In the silent position, the head is spaced from the mouth to allow air flow from the interior of the body through the opening between the neck and the body without producing audible sound. In the squeaking position, the head is sufficiently close to the mouth such that airflow from the interior of the body through the opening between the neck and the body and between the mouth and the head produces an audible squeaking sound.
