A plasma gas bubble‐in‐liquid method for high production of selectable reactive species using a nanosecond pulse generator has been developed. The gas of choice is fed through a hollow needle in a point‐to‐plate bubble discharge, enabling improved selection of reactive species. The increased interface reactions, between the gas‐plasma and water through bubbles, give higher productivity. H2O2 was the predominant species produced using Ar plasma, while predominantly NnormalO3− and NO2 were generated using air plasma, in good agreement with the observed emission spectra. This method has nearly 100% selectivity for H2O2, with seven times higher production, and 92% selectivity for NnormalO3−, with nearly twice the production, compared with a plasma above the water.