A toy water gun for ejecting a liquid is provided. The toy gun includes a housing and a pressurizable storage tank which receives liquid and is connected to the housing. Also provided on the housing is a pump which is adapted to pressurize the liquid in the pressurizable storage tank. In addition, a release valve is located in the housing. The gun includes a path of fluid communication between the pressurizable storage tank, the pump and the release valve. The release valve is adapted to regulate a discharge of liquid from the pressurizable storage tank, and a trigger is attached to the release valve. Also connected to the release valve is a nozzle assembly adapted for insertion into a recharge adapter to force liquid through the nozzle assembly displacing the release valve in such a way that allows liquid to flow through a part of said path of fluid communication and into the pressurizable storage tank. In this way, air is compressed in the pressurizable storage tank to charge the pressurizable storage tank with liquid under pressure. Movement of the trigger in turn displaces the release valve regulating the discharge of liquid from the pressurizable storage tank and out said nozzle.