F3: Fun and Frustration is a 2022 Indian Telugu-language comedy film written and directed by Anil Ravipudi and produced by Dil Raju and Sirish under the banner Sri Venkateswara Creations.

The film stars Venkatesh, Varun Tej, Tamannaah Bhatia and Mehreen Pirzada reprising their roles from the prequel.

Venky, who works as an agent at a RTO in Hyderabad, struggles to meet his ends and suffers from night blindness but hides his disability from everyone.

After spending lakhs of rupees by giving expensive gifts and cash to Honey, they realize their mistake while Harika's family loses all their money in shares.

Pala Baby, who worships women, drops his plans to waive off the loan after realizing the guile methods of Harika's family.

They all reach the police station to settle their issue, where CI Nagaraju, an honest policeman who is on the brink of losing his job, hatches a plan to raid commissioner Dileep Chandra's house with them to steal the illegally acquired cash and diamonds.

When Venky, Varun, Harika, and Nagaraju are about to commit suicide, they receive news that billionaire Anand Sharma is looking for his prodigal son.

Venky, Varun, Harika (in a male disguise), and a junior artist hired by Nagaraju present themselves as Anand's son.

They develop a set of interactive toys by merchandising Telugu film characters, namely, Amarendra Baahubali, Gabbar Singh, Ajay Krishna, Veera Raghava, Chitti Babu and Bantu.

Initially, they try to confuse them, but when the plan fails, Venky dresses up as Narappa and Varun as Vakeel Saab and thrashes the goons together.

Finally, the movie ends happily by showing the troop proceeding on a jolly trip to Goa, which director Anil Ravipudi diverts to a new destination, F4.

[27] On 17 May 2022, the third single track "Life Ante Itta Vundaala" was launched, which had vocals by Geetha Madhuri and Rahul Sipligunj.

[39] Echoing the same, Sangeetha Devi Dundoo of The Hindu stated: "the comedy franchise, though uneven, elicits ample laughter, and Venkatesh shines.

"[40] Balakrishna Ganeshan of The News Minute gave the film a rating of 2.5/5 and wrote "'F3' does not have much of a plot but a series of comedy events keeps the audience engaged".

[41] Neeshitha Nyayapati of The Times of India gave the film a rating of 2.5/5 and compared F3 with the Golmaal franchise, terming it: "loud, messy, sometimes funny".

[43] In his review for Deccan Herald, Karthik Keramalu, opined it's a "half-hearted comedy" which Ravipudi got partly correct while praising the comic timing of the lead actors.

[44] Firstpost reviewer Sankeertana Varma criticized the film's logic and story, calling it a "laughable attempt at comedy and entertainment.

"[45] Manoj Kumar R of The Indian Express gave the film a rating of 1/5 and wrote "Anil is really scraping the bottom of the barrel with the Venkatesh, Varun Tej starrer.

[49] After theatrical run ends, the film's total gross collection stood at ₹134 crore (US$15 million) worldwide.