A multi-sectioned, multi-purpose, illuminated marking device especially suitable as a water buoy in which the components can be readily assembled in end-to-end relationship to provide a buoyant device which can be readily seen for a considerable distance when located in the water or elsewhere. The assembled sections serve to house a lightbulb, batteries, switch system, and a reflector which, when the switch is turned on, causes the light to be magnified and transmitted through the translucent wa...