A pet toy incorporates distinct materials having differing elastomeric features and others. The pet toy has an inner member and an outer shell that covers selected portions of the inner member such that an exposed exterior surface of the toy includes both portions of the inner member and outer shell. The inner member is more elastic or compressible as compared to the outer shell that is stiffer or more resilient. Yet, the outer shell still maintains an elastomeric response to contact. A noise making device may be mounted within an interior chamber of the outer shell. The inner member has a central opening to receive the chamber housing that interlocks the inner member and outer shell. Exposed portions of the inner member may be flush with the outer surface of the outer shell or may protrude beyond the exterior surface.