A toy water gun assembly capable of ejecting water in bursts or in a continuous manner, is disclosed. A separate, pressurizable water container is connected by a flexible hose, to a pistal shaped member. A section of the flexible hose, mounted in the pistol shaped member, is continuously clamped by a lever. A spring biases the lever to prevent the release of a water stream through a nozzle which is mounted on the front of the pistol shaped member. A trigger member having a pointed pawl pivotably mounted thereto, is operatively connected to the lever. An initial movement of the pawl member caused by a quick pull on the trigger member momentarily removes the lever from its position clamping the hose. Additional movement of the pawl causes it to slide off the lever, thereby allowing the lever to return to its regular position wherein the hose is clamped. A control member is provided which may be adjusted to restrict the movement of the lever and the pawl whereby the pawl is rendered incapable of sliding off the lever. In this manner a continuous flow of water results upon depression of the trigger piece.