A pet toy includes an internal skeletal member having an inner surface and an outer surface. The internal skeletal member is configured to deform upon compression such that opposing sides of the internal surface come into contact with each other. An outer covering surrounds the skeletal member. A sound-emitting squeaker device is located within an internal space of the internal skeletal member. The sound- emitting squeaker device remains free to move throughout the internal space of the internal skeletal member.