The 1995 Sugar Bowl was the 62nd edition of the post-season American college football Sugar Bowl bowl game. It featured the Virginia Tech Hokies and the Texas Longhorns and was held at the Louisiana Superdome in New Orleans, Louisiana, on December 31, 1995. The game was the final contest of the 1995 NCAA Division I-A football season for both teams, and ended in a 28–10 victory for Virginia Tech.

In 1995, the Sugar Bowl was held under the rules of the Bowl Alliance. The Alliance, predecessor to the modern Bowl Championship Series, was intended to match the champions of the Southeastern Conference, Big East Conference, Atlantic Coast Conference, Big 12, Southwest Conference, and one at-large team against each other in the Sugar Bowl, Orange Bowl, and Fiesta Bowl. Each year, the two highest-ranked teams would play in a National Championship Game held in place of one of the bowl games. The site of the national championship game rotated among the three bowl games, as did the date of each game. Following the 1995 college football season, the Sugar Bowl was designated for December 31, marking the first time two Sugar Bowls would be held in the same calendar year.