The 2012 Sheraton Hawaii Bowl was a postseason American college football bowl game held on Christmas Eve 2012, at Aloha Stadium in Honolulu. The eleventh edition of the Hawaii Bowl, sponsored by Sheraton Hotels and Resorts, began at 3:00 p.m. HST and aired on ESPN. It featured the SMU Mustangs from Conference USA against the Mountain West Conference co-champion Fresno State Bulldogs, and was the final game of the 2012 NCAA Division I FBS football season for both teams. The Mustangs accepted their invitation after compiling a 6–6 record in the regular season, while the Bulldogs accepted their invitation with a 9–3 regular season record.