A new and distinct cultivar of winter hardy Hibiscus plant named ‘Small Wonder’ is the result of a unique hybridization. This new and distinct cultivar is characterized primarily as to its novelty by its extreme cold hardiness to Zone 4, medium thick-textured, heavily streaked and speckled, red, white and pink flowers and its “Maple-shaped” foliage with a black-purple coloration, compactness of approximately 2 ½ feet, its vigorous and uniform breaking habit and its floriferous nature from midsummer until frost.