diff --git a/sys-devel/dev86/dev86-1.0.1.ebuild b/sys-devel/dev86/dev86-1.0.1.ebuild
index 1f76d5e07cee5..45ffc6807c8fb 100644
--- a/sys-devel/dev86/dev86-1.0.1.ebuild
+++ b/sys-devel/dev86/dev86-1.0.1.ebuild
@@ -20,6 +20,7 @@ DEPEND="${RDEPEND}"
 PATCHES=(
 	"${FILESDIR}/${P}-makefile.patch"
 	"${FILESDIR}/${P}-reboot.patch"
+	"${FILESDIR}/${PN}-1.0.1-sed-colon-flags.patch"
 )
 
 src_prepare() {
diff --git a/sys-devel/dev86/files/dev86-1.0.1-sed-colon-flags.patch b/sys-devel/dev86/files/dev86-1.0.1-sed-colon-flags.patch
new file mode 100644
index 0000000000000..93a0fa53fbe03
--- /dev/null
+++ b/sys-devel/dev86/files/dev86-1.0.1-sed-colon-flags.patch
@@ -0,0 +1,14 @@
+Don't fail if there's a : in CFLAGS or LDFLAGS.
+--- a/Makefile
++++ b/Makefile
+@@ -63,8 +63,8 @@ make.fil: $(IFDEFNAME) makefile.in
+ 	echo >> tmp.sed "s:%MANDIR%:$(MANDIR):"
+ 	echo >> tmp.sed "s:%ELKSSRC%:$(ELKSSRC):"
+ 	echo >> tmp.sed "s:%CC%:$(CC):"
+-	echo >> tmp.sed "s:%CFLAGS%:$(CFLAGS):"
+-	echo >> tmp.sed "s:%LDFLAGS%:$(LDFLAGS):"
++	echo >> tmp.sed "s|%CFLAGS%|$(CFLAGS)|"
++	echo >> tmp.sed "s|%LDFLAGS%|$(LDFLAGS)|"
+ 	sed -f tmp.sed < tmp.mak > make.tmp
+ 	mv -f make.tmp make.fil
+ 	@rm -f tmp.mak tmp.sed