In their seventh and final season under head coach Clarence Spears, the Rockets compiled a 4–4–1 record.
[1][2] The team's key players included freshman Emlen Tunnell, an African-American halfback who was later inducted into the Pro Football Hall of Fame.
In the opening game against Kent State, Tunnell ran for two touchdowns and passed for two more.
[4] Tunnell joined the Coast Guard in 1943 and did not return to Toledo after the war.
226 (out of 590 college and military teams) in the final rankings under the Litkenhous Difference by Score System for 1942.