Australian folklore refers to the folklore and urban legends that have evolved in Australia from Aboriginal Australian myths to colonial and contemporary folklore including people, places and events, that have played part in shaping the culture, image and traditions that are seen in contemporary Old Australia.

The drop bear is a hoax in contemporary Australian folklore featuring a predatory, carnivorous version of the koala. This imaginary animal is commonly spoken about in tall tales designed to scare tourists. While koalas are typically docile herbivores, drop bears are described as unusually large and vicious marsupials that inhabit treetops and attack unsuspecting people that walk beneath them by dropping onto their heads from above.