Here, we report experimental results on the rupture of flat colloidal films over a large range of volume fractions, 0.00 $\le ϕ\le$ 0.47. The films are formed using a constant fluid volume, ruptured with a needle, and recorded using a high-speed camera. We show that colloidal films rupture in a manner quantitatively similar to Newtonian fluids, even well into the shear thinning regime. These results are consistent with the well-known mechanism of the rupture of Newtonian films, where the rupture rim rolls outward collecting more fluid and thus film rupture is a shear-free process. However, in the case of spontaneous rupture under controlled humidity conditions, the same dense colloidal films show exotic instabilities reminiscent of a wrinkling fabric on the film surface. These instabilities were absent in manually ruptured films. We hypothesize that these instabilities occur when the film thickness becomes thin enough to compete with the colloidal particle size, due to film drainage before spontaneous rupture. Thus, although non-Newtonian flow properties do not influence film rupture dynamics for thick enough films, the effect of microstructure has dramatic consequences in thinner films.