Punk-O-Rama III is the third compilation album in the Punk-O-Rama series.
This entry features two previously unreleased tracks, "We Threw Gasoline on the Fire and Now We Have Stumps for Arms and No Eyebrows" by NOFX and "Wake Up" by Pennywise. NOFX's track was later released on their rarities compilation 45 or 46 Songs That Weren't Good Enough to Go on Our Other Records. The European version has Undeclinable Ambuscade's track "7 Years" and takes off "Lozin' Must" by Millencolin.