The present invention generally relates to an improved foam dart that operates with improved accuracy. The shaft of the foam dart is shaped with indentions that direct airflow around the dart to improve its accuracy. The dart tip is also connected through a rigid neck portion that further improves the accuracy of the dart during use. An alternative embodiment allows the user to place a pop cap within the dart tip that will explode to cause a loud bang when the dart contacts a hard object at the end of its flight.