We introduce the idea of a squeezed laser, in which a squeezed cavity mode develops a macroscopic photonic occupation powered by stimulated emission. Above the lasing threshold, the emitted light retains both the spectral purity inherent of a laser and the photon correlations characteristic of a photonic mode with squeezed quadratures. Our proposal, which can be implemented in optical setups, relies on the parametric driving of the cavity and dissipative stabilization by a broadband squeezed vacuum. We show that the squeezed laser can find applications going beyond those of standard lasers thanks to the squeezed character, such as enhanced operation in multi-photon microscopy or Heisenberg scaling of the Fisher information in quantum parameter estimation.