Paraquet was the code-word for the British military operation to recapture the Island of South Georgia from Argentine military control in April 1982. This operation, a subsidiary of the main Operation Corporate (recapture of the Falkland Islands from Argentina) was successful, leading to the island being restored to British rule on April 25, 1982.

The operation was originally supposed to involve both SAS and SBS forces being infiltrated onto South Georgia by helicoptor, but the plan had to be changed when the helicoptors transporting the troops crashed on Fortuna Glacier. The revised plan involved two Royal Navy vessels subjecting the Argentine garrison at Grytviken to an artillery bombardment. The garrison surrendered after fifteen minutes.

One of the most famous signals of the entire Falklands War was made by the British forces' commander after the surrender at Grytviken:

Please Inform Her Majesty that the Union Jack flies once more over South Georgia. God Save the Queen.