The invention is directed to a toy projectile launcher for discharging a toy projectile attached thereto that may include a housing, a hollow outer cylinder, and a compression member that may be disposed on the housing, and slidably received within the hollow outer cylinder. The compression member may include a fluid passage therethrough in fluid communication with the interior of the outer cylinder. The interior of the outer cylinder may be moveable between an uncocked position and a cocked position such that movement of the outer cylinder from the cocked position toward the uncocked position compresses air in the interior of the outer cylinder, with the compressed air being delivered to through the fluid passage to a toy projectile attached to the toy projectile launcher. The toy projectile launcher may also include a spring that may bias the outer cylinder from the cocked position toward the uncocked position.