A wagon and catapult assembly provides a toy wagon that carries a detachable catapult. Assembly allows children to ride and operate the toy wagon, and also operate the catapult in a prone/sitting position, or while standing. The assembly comprises a toy wagon and a detachable catapult portion attached to the wagon. The toy wagon comprises mobile portion attached to a body portion to enable mobility of wagon. The body portion is foldable. Further the body portion has one or more fixed rear sidewalls and one or more detachable front sidewalls. The front sidewalls have a pair of leg depressions that enable the child to sit in a prone position while operating catapult and/or riding the toy wagon. An elongated handle pivotally and detachably attaches to the wagon for manipulating it and providing stability while operating the catapult. A seat detachably couples to the wagon.