Sly 3: Honor Among Thieves is a platform stealth video game developed by Sucker Punch Productions for PlayStation 2 in 2005. It is the third game in the Sly Cooper franchise. Sly 3 has optional 3-D stages, and comes with a pair of 3-D glasses inside the manual. The game received generally positive reviews from the gaming press. It is considered the best Sly Cooper game in the franchise.

Development on a third Sly Cooper game already started during the making of part 2. After the huge success of Sly 2: Band of Thieves, fans wanted more and so Sly 3 was rushed into development. It was reported that Sly 3 was set to have a completely different theme with the addition of multiplayer mode, a new set of characters, new vehicles, mini-games, disguises and enhanced combat move sets and replayable levels, which were also included in Sly Cooper: Thieves in Time. The game is the first in the series to not feature any clue bottles, the change was made via the addition of "treasure hunts", which are included along with the replayable levels.

New variations in the game include additional playable characters besides those of Sly, Murray, and Bentley. Firstly, Inspector Carmelita Fox is a playable character in some of the mini-games and a few times in the main game. Secondly, some new characters have been introduced, including a shaman named The Guru and a mouse named Penelope. Finally, characters from previous titles, such as Dimitri and the Panda King, are playable as well.

Furthermore, Bentley and Murray have the ability to pick-pocket in this game. Murray hoists stunned or unsuspecting guards above his head and shakes them down for coins and loot. The coins must be picked up off the ground after the guard is shaken. Bentley uses a fishing rod-like magnet to reel in coins and loot. When the magnet attaches, Bentley moves away from the guard to pick the pocket. Pickpocketed loot no longer needs to be sold back at the safe house. The amount an item is worth is added immediately to the coin count. Special treasure is absent from the over world.

The game also contains 3-D sections. 3-D glasses have been distributed with each new copy of the game, and are used in certain parts of the game. However, 3-D effects are optional, allowing the player to view the levels in standard 2-D instead. Some levels are playable in 3-D from the beginning, while other levels require the 3-D feature to be unlocked. The 3-D effect is focused upon certain objects in the background rather than the characters themselves, minimizing the necessary blue/red separation and making it easier for observers without 3-D glasses.

Sly 3 features new gameplay elements and skills, such as safe-cracking, searching for clues and objects in paintings, aerial combat, disguises, pirate ship battles, and conversations. However, the removal of clue bottles and vaults was unpopular with players.

To increase replay value, an offline multiplayer mode is included, along with challenges and extra movies unlocked for specific game completion percentages. The multiplayer games are: Cops and Robbers, Hackathon, Bi-Plane Duel, and Galleon Duel. Challenges are missions that are set with specific standards, along with a Treasure Hunt mission for each world attained at the end of the game.