A putty material primarily used as a toy which is solid and capable of flowing for forming, preferably by manual manipulation, onto various pleasing shapes. This putty material is used primarily by children as an amusement device. The putty material is formed from a homogeneous mixture of primarily water, polyvinyl alcohol, gum, polyethylene terephthalate (PET) and a small amount of borax wherein the ratio by weight of borax to polyvinyl alcohol is preferably in the range of between 1:12 to 1:22. The toy modeling composition can be formed opaque or translucent and can be dyed, particularly when clear, to create various overall artistic effects, and glitter can be applied on the paste to create unusual aesthetic effects, particularly when using white glitter. Coloration can be applied to the materials with translucent ink or with a marker.