An underwater striking bag device includes a bag having an annular upper compartment disposed in an upper section of the bag and receiving air therein, a neck extending through the upper section and communicating with a lower compartment receiving water therein, a removable cap connected to the neck, an air valve connected to the annular upper compartment to provide for filling air into the annular upper compartment, at least one handle connected to the bag for assisting in filling and removal of the water into the lower compartment.