School's Out (also referred to on home video as Degrassi High: School's Out) is a Canadian drama television film based on the Degrassi teen drama franchise created by Linda Schuyler and Kit Hood in 1979. It was directed by Hood and written by Yan Moore, based on a story by Moore, Schuyler and Hood. It aired on CBC Television on January 5, 1992, and served as a finale to the series Degrassi High and its predecessor Degrassi Junior High, which are collectively known as the Degrassi Classic era of the franchise.

The movie, centered on the Degrassi students during their first summer post-graduation, primarily focuses on the relationship between Joey Jeremiah (Pat Mastroianni) and Caitlin Ryan (Stacie Mistysyn); after Caitlin politely rejects Joey's marriage proposal, he begins becoming romantically involved with Tessa Campanelli (Kirsten Bourne), while also still being involved with Caitlin; he has sex with both, with Tessa being first, and brags about it with his friends. Later, Joey's friend Archie "Snake" Simpson (Stefan Brogren), frustrated of his inability to get a girlfriend, ultimately reveals this fact at a party while Caitlin is in the same room, causing her to break the relationship off. Joey and Snake's friend, Derek "Wheels" Wheeler (Neil Hope) start drinking heavily, resulting in a car crash which kills a two year old boy and blinds class valedictorian Lucy Fernandez (Anais Granofsky).

The movie was noted for its inclusion of coarse language and more sexually-oriented content as opposed to the television series, including two instances of the word "fuck" during the movie's climax, and a scene depicting how a condom is applied, despite the CBC's refusal to run condom commercials. The film received a positive critical reception after its initial broadcast. In Canada, it drew in 2.3 million viewers, double that of what the preceding series usually received. In 1993, it was nominated for a Gemini Award for Best TV Movie. Despite being intended as a finale, the franchise was rebooted in 2001 with Degrassi: The Next Generation, whose premiere episode primarily centered around the ten-year reunion of the original class.