A bubble producing toy which can be made from a single sheet of plastic and a handle. In one embodiment, the same single sheet of plastic can also be used to form the handle as well. The sheet of plastic has one or more diaphragm holes which become bubble producing holes when dipped in bubble solution and the handle has finger holes for the user to hold the toy. When the same single sheet of plastic is also used for the handle, the sheet of plastic is folded so that it attaches to itself in order to form the handle. When the diaphragm holes are placed in bubble solution and the bubble producing toy is blown at or waved or shaken back and forth through the air, bubbles are produced.