Gypsy Colt is a 1954 American drama film directed by Andrew Marton and starring Donna Corcoran, Ward Bond and Frances Dee. Shot in Ansco Color, it was produced and distributed by Hollywood studio Metro-Goldwyn-Mayer. The film's basic plot was taken from Lassie Come Home with the focus changed from a dog to the eponymous horse.

A 60-minute version of Gypsy Colt was made available in 1967 as part of the weekly TV anthology Off to See the Wizard.

A young girl, Meg, is disheartened when her parents Frank and Em MacWade are forced to sell Gypsy Colt, her favorite horse, to a rancher. Gypsy Colt escapes several times, ultimately taking a 500-mile (805-km) journey to return to his rightful owner.

Filmed on location in Aspen and Grand Junction, Colorado and the Mojave Desert, Rosemead Dry Lake and Red Rock Canyon, CA.

According to MGM records, the movie earned $721,000 in the U.S. and Canada and $704,000 in other markets, making a profit of $259,000.