A projectile and a compact carrying and launching case in combination. The projectile includes foldable wings which when unfolded resemble a plane. The compact carrying and launching case includes a two piece housing that is pivotally attached to each other about a hinge/launching mechanism. When closed, the two piece housing encloses the plane in its folded position. When opened, the hinge/launching mechanism can be pulled to a cocked position and then released forcibly moves the projectile such that it releases from the launching mechanism and is capable of flying.