The term 'Frisbee or Flying Saucer' is a popular name for a DISK-shaped toy that is used for recreational activities such as throwing and catching. It is also known as a flying disc, and is usually made of plastic. The term comes from the brand name of the original toy, which was created by the Wham-O toy company in 1957. The Frisbee or Flying Saucer has become a popular pastime for people of all ages, and is often used in competitive sports.