Puppet Master III: Toulon's Revenge is a 1991 direct-to-video horror film written by Charles Band, C. Courtney Joyner and David Schmoeller, and directed by David DeCoteau. It is the third film in the Puppet Master franchise, a prequel to 1989's Puppet Master and 1990's Puppet Master II, and stars Guy Rolfe as a puppeteer whose ability to animate lifeless material attracts the attention of the Nazis, whose members are played by Richard Lynch, Ian Abercrombie, and Walter Gotell.

Toulon's Revenge, as well as the second, fourth, and fifth installments of the series, were only available in DVD format through a Full Moon Features box set that has since been discontinued. However, in 2007, Full Moon Features reacquired the rights to the first five films, and the box set has since been reissued and is available directly from Full Moon, as well as through several online retailers.

The film is also available on DVD along with the first two films on a triple feature "Midnight Horror Collection" at a budget price. A remastered edition Blu-ray and DVD of the film was released on September 18, 2012.