A toy vehicle and a handheld pneumatic launcher combination includes a piston and an elongated hollow cylinder with a flange adjacent one end of the cylinder providing grips for a child which simulate an airplane control yoke. While supporting lateral extensions of the flange with the fingers of each hand, the child's thumbs are free to press upon an actuator at one end of the piston forcing the piston head into the cylinder. Attached at the other end of the elongated cylinder, in pneumatic communication with the cylinder, is a launch tube that fits into a socket adjacent the bottom of a toy vehicle that is made predominantly of a lightweight plastic foam. The axis of the launch tube is preferably offset from the axis of the cylinder. In addition, the launch tube is tapered and has a closed end with perforations through the sidewalls of the tube adjacent the closed end.