Prankers Pond (also Lily Pond or Pranker Pond) is one of the largest lakes in Saugus, Massachusetts, United States. It is the center of a recreational area that also includes hiking and picnicking areas. The pond lies east of U.S. Route 1 and southwest of . Named for Edward Pranker, the owner of the Pranker Mills at the pond, it lies at 42°28′28″N 71°00′45″W / 42.4745403°N 71.0125512°W, at an elevation of 26 feet (8 m).