The Gay Caballero is a 1932 American pre-Code Western film directed by Alfred L. Werker and written by Barry Conners and Philip Klein. The film stars George O'Brien, Victor McLaglen, Conchita Montenegro, Linda Watkins, C. Henry Gordon and Weldon Heyburn. The film's screenplay was adapted from the novel The Gay Bandit of the Border by Tom Gill. The film was released on February 14, 1932, by Fox Film Corporation.