diff --git a/snek-code.c b/snek-code.c
index e662ded..991b546 100644
--- a/snek-code.c
+++ b/snek-code.c
@@ -45,6 +45,7 @@ snek_op_operand_size(snek_op_t op)
 	case snek_op_string:
 	case snek_op_list:
 	case snek_op_tuple:
+	case snek_op_func:
 		return sizeof (snek_offset_t);
 	case snek_op_id:
 	case snek_op_global:
@@ -265,31 +266,34 @@ snek_code_patch_forward(snek_offset_t start, snek_offset_t stop, snek_forward_t
  * Reset compiler state to mark the compiler buffer as empty
  */
 void
-snek_code_reset(void)
+snek_code_reset(snek_offset_t size)
 {
-	snek_compile_size = 0;
-	compile_alloc = 0;
-	snek_compile = NULL;
+	snek_compile_size = size;
+	if (!size) {
+		compile_alloc = 0;
+		snek_compile = NULL;
+	}
 }
 
 /*
  * Construct a code object from the current bytecode buffer
  */
 snek_code_t *
-snek_code_finish(void)
+snek_code_finish(snek_offset_t start)
 {
-	if (snek_compile_size == 0)
+	snek_offset_t size = snek_compile_size - start;
+	if (size == 0)
 		return NULL;
-	snek_code_t *code = snek_alloc(sizeof (snek_code_t) + snek_compile_size);
+	snek_code_t *code = snek_alloc(sizeof (snek_code_t) + size);
 
 	if (code) {
-		memcpy(&code->code, snek_compile, snek_compile_size);
-		code->size = snek_compile_size;
+		memcpy(&code->code, snek_compile + start, size);
+		code->size = size;
 #ifdef DEBUG_COMPILE
 		snek_code_dump(code);
 #endif
 	}
-	snek_code_reset();
+	snek_code_reset(start);
 	return code;
 }
 
@@ -336,6 +340,10 @@ code_mark(uint8_t *code, snek_offset_t size)
 			memcpy(&o, &code[ip], sizeof (snek_offset_t));
 			snek_mark_offset(snek_mems(snek_string), o);
 			break;
+		case snek_op_func:
+			memcpy(&o, &code[ip], sizeof (snek_offset_t));
+			snek_mark_offset(snek_mems(snek_func), o);
+			break;
 		default:
 			break;
 		}
@@ -446,6 +454,7 @@ static const char * const snek_op_names[] = {
 	[snek_op_string] = "string",
 	[snek_op_list] = "list",
 	[snek_op_tuple] = "tuple",
+	[snek_op_func] = "func",
 	[snek_op_id] = "id",
 
 
@@ -530,6 +539,10 @@ snek_code_dump_instruction(snek_code_t *code, snek_offset_t ip)
 		memcpy(&o, &code->code[ip], sizeof(snek_offset_t));
 		dbg("%u\n", o);
 		break;
+	case snek_op_func:
+		memcpy(&o, &code->code[ip], sizeof(snek_offset_t));
+		dbg("%u\n", o);
+		break;
 	case snek_op_id:
 	case snek_op_global:
 	case snek_op_assign:
diff --git a/snek-exec.c b/snek-exec.c
index 5352d4d..f234763 100644
--- a/snek-exec.c
+++ b/snek-exec.c
@@ -844,6 +844,11 @@ snek_exec(snek_code_t *code_in)
 				ip += sizeof (snek_offset_t);
 				snek_a = snek_list_imm(o, op - snek_op_list);
 				break;
+			case snek_op_func:
+				memcpy(&o, &snek_code->code[ip], sizeof(snek_offset_t));
+				ip += sizeof (snek_offset_t);
+				snek_a = snek_func_to_poly(snek_pool_addr(o));
+				break;
 			case snek_op_id:
 				memcpy(&id, &snek_code->code[ip], sizeof(snek_id_t));
 				ip += sizeof (snek_id_t);
diff --git a/snek-gram.ll b/snek-gram.ll
index ecb95b9..bb7663b 100644
--- a/snek-gram.ll
+++ b/snek-gram.ll
@@ -16,7 +16,7 @@ start		: command @{ snek_parse_middle = false; }@ start
 		;
 command		: @{ snek_print_val = snek_interactive; }@ stat
 			@{
-				snek_code_t *code = snek_code_finish();
+				snek_code_t *code = snek_code_finish(0);
 				SNEK_CODE_HOOK_START
 				snek_poly_t p = snek_exec(code);
 				SNEK_CODE_HOOK_STOP
@@ -42,7 +42,7 @@ command		: @{ snek_print_val = snek_interactive; }@ stat
 					snek_code_delete_prev();
 				else
 					snek_code_add_op(snek_op_null);
-				snek_code_t	*code = snek_code_finish();
+				snek_code_t	*code = snek_code_finish(0);
 				if (!code)
 					break;
 				snek_func_t	*func = snek_func_alloc(code);
@@ -298,6 +298,25 @@ suite		: simple-stat
 			}@
 		;
 expr		: expr-and expr-or-p
+		| LAMBDA
+			@{
+				value_push_offset(snek_compile_size);
+				snek_parse_nformal = 0;
+				snek_parse_nnamed = 0;
+			}@
+		  opt-formals
+		  COLON
+		  expr
+			@{
+				snek_offset_t	start = value_pop().offset;
+				snek_code_t	*code = snek_code_finish(start);
+				if (!code)
+					break;
+				snek_func_t	*func = snek_func_alloc(code);
+				if (!func)
+					break;
+				snek_code_add_op_offset(snek_op_func, snek_pool_offset(func));
+			}@
 		;
 expr-or-p	: OR
 			@{
diff --git a/snek-keyword.builtin b/snek-keyword.builtin
index 2370dc5..aede0ee 100644
--- a/snek-keyword.builtin
+++ b/snek-keyword.builtin
@@ -31,3 +31,4 @@ and, AND
 is, IS
 in, IN
 not, NOT
+lambda, LAMBDA
diff --git a/snek-parse.c b/snek-parse.c
index fcd7a1f..55b5a17 100644
--- a/snek-parse.c
+++ b/snek-parse.c
@@ -228,7 +228,7 @@ snek_parse(void)
 		for_depth = 0;
 
 		/* Reset codegen state */
-		snek_code_reset();
+		snek_code_reset(0);
 
 		/* Reset error state */
 		snek_abort = false;
diff --git a/snek.h b/snek.h
index 1ed7b53..aac902a 100644
--- a/snek.h
+++ b/snek.h
@@ -136,6 +136,7 @@ typedef enum {
 #ifndef SNEK_NO_DICT
 	snek_op_dict,
 #endif
+	snek_op_func,
 	snek_op_id,
 
 	snek_op_not,
@@ -488,10 +489,10 @@ snek_code_patch_branch(snek_offset_t branch, snek_offset_t target)
 }
 
 void
-snek_code_reset(void);
+snek_code_reset(snek_offset_t size);
 
 snek_code_t *
-snek_code_finish(void);
+snek_code_finish(snek_offset_t start);
 
 snek_offset_t
 snek_code_line(snek_code_t *code);