A toy fencing sword that is adapted to also fire its blade tip as a missile and to squirt water. The sword includes an internal piston activated by pulling and pushing the sword's handle to either fire the sword's tip as a missile or to inhale water and squirt it in a powerful stream. The sword is comprised of soft and buoyant materials which make it safe and painless during play and also make it ideally adapted for use in and around water, such as at a swimming pool.