Our Gang Follies of 1938 (later reissued as simply Follies of 1938) is a 1937 American musical short subject, the 161st short subject entry in Hal Roach's Our Gang (Little Rascals) series. Directed by Gordon Douglas as a sequel to 1935's Our Gang Follies of 1936, the two-reel short was released to theaters on December 18, 1937 by Metro-Goldwyn-Mayer.

Deriving its title from the concurrent MGM feature film The Broadway Melody of 1938, Our Gang Follies of 1938 is a spoof of the Broadway Melody films and other movie musicals of the time. In the film, Alfalfa (Carl Switzer) decides to quit a pop music revue put on by Spanky (George McFarland) and become an opera singer, famously singing a pastiche song entitled "The Barber of Seville" several times throughout the film. The bulk of the film is made up of a dream sequence, in which Alfalfa imagines himself twenty years later failing as an opera singer, while Spanky owns a Broadway nightclub with a lavish floor show.