A remotely controllable, transforming, water squirting toy vehicle includes a structure in the form of a lever arm mounted for pivotal movement with respect to a remainder of the vehicle from a first position in which a surface of the arm is hidden within the vehicle to a second, elevated position in which the hidden surface of the arm is exposed. The hidden surface of the arm bears the likeness of a snake or other creature and includes a nozzle fluidly coupled to a pump and reservoir within the remainder of the vehicle. A control system in the vehicle receives and processes steering and propulsion control signals as well as an arm raising/water pumping control signal. A single actuator controls the movement of the lever arm which is spring loaded, by releasing the lever arm from a latched position and powers the pump driving liquid from the reservoir to the nozzle.