An exotic pet, or novelty pet is an unusual animal kept as a pet, sometimes for the express purpose of having an unusual or unique pet. Alligators, wolves and demi-wolves, wild cat cubs (lions, tigers, ocelots and the like), snakes, tortoises and rare birds are among the species kept (sometimes illegally) as exotic pets. The definition is an evolving one; some rodents, reptiles and amphibians have become firmly enough established in the world of animal fancy to no longer be considered exotic. Dingos have been in relationship with humans for generations; the Bengal cat descends from a hybrid of wild and domestic species. This article discusses the keeping of wild animal species.

The acquisition of exotic pets is often discouraged, both by legal authorities and by animal rights activists. Many of these pets are purchased in infancy and are discarded when they reach adulthood and are no longer "cute". Long-term maintenance of these animals is expensive beyond the means of many people.

Furthermore, exotic pets are usually wild animals, unlike dogs or cats which have been domesticated over generations. It is sometimes difficult or impossible to tame them sufficient to the behavioral standards of a house pet.

However, many owners have proven to be capable keepers of their exotic pets. Although not something to be entered into lightly, sufficient research, experience, and funds can equip dedicated individuals for their own exotic. Improvements in captive husbandry techniques, widely distributed by media such as books and the Internet have made keeping unusual pets attainable for qualified members of the general public.

A long-standing urban legend is that the sewers of New York City are populated by alligators which were, originally, exotic pets discarded by being flushed down the toilet.