Panama Flo is a 1932 American pre-Code drama film directed by Ralph Murphy and written by Garrett Fort.

The film stars Helen Twelvetrees, Robert Armstrong, Charles Bickford, Marjorie Peterson and Maude Eburne.

In the film, an American dancer is stranded in South America following the cancellation of a contract.

Sadie introduces Flo to McTeague, a wildcatter with a large bankroll, to steal his money to get back to New York.

After Flo pleads for mercy (while on the floor with some breast and leg exposed), McTeague is inspired to hire her as his housekeeper.

Earlier during a night of binge-drinking, McTeague had told Flo he knew where the richest oil fields are and one day he would be king.

Flo refuses his offer of making it up to her, tells McTeague she has no need of his money and points to a Rolls-Royce parked on the street.

Flo leaves McTeague, approaches the car and asks the driver to let her get in and simply drive around the block.

[4] International Cinematographer said that Bickford gave the film's strongest performance as the second lead, outshining stars Twelvetrees and Armstrong; the film's "abundance of color, particularly in the jungle and water scenes and general atmosphere" was noted, and reviewer George Blaisdell singled out Maude Eburne's and Paul Hurst's performances for special praise.

[5] The film was remade into the Lucille Ball vehicle Panama Lady (1939), though the remake offered a sanitized version of the plot's events.