A toy ring-launcher apparatus for wearing on a human finger as an item of play jewelry that's comprised of means for starting to rotate and then subsequently releasing other toy apparatuses or objects exhibiting gyroscopic tendencies, such as gyroscopic tops, flying propellers, or rolling wheels so they rotate very fast around a central axis and move independently of the toy ring-launcher apparatus on a flat surface, in the air, or on a toy racing track, respectively. Methods are also included for using the provided toy ring-launcher apparatus to have fun and enjoyment.