diff --git a/index.js b/index.js
index b7a18391..4fe26632 100644
--- a/index.js
+++ b/index.js
@@ -167,12 +167,10 @@ function parse (args, opts) {
 
       // arrays format = '--f=a b c'
       if (checkAllAliases(m[1], flags.arrays)) {
-        args.splice(i + 1, 0, m[2])
-        i = eatArray(i, m[1], args)
-      } else if (checkAllAliases(m[1], flags.nargs)) {
+        i = eatArray(i, m[1], args, m[2])
+      } else if (checkAllAliases(m[1], flags.nargs) !== false) {
         // nargs format = '--f=monkey washing cat'
-        args.splice(i + 1, 0, m[2])
-        i = eatNargs(i, m[1], args)
+        i = eatNargs(i, m[1], args, m[2])
       } else {
         setArg(m[1], m[2])
       }
@@ -241,12 +239,10 @@ function parse (args, opts) {
 
           if (checkAllAliases(key, flags.arrays)) {
             // array format = '-f=a b c'
-            args.splice(i + 1, 0, value)
-            i = eatArray(i, key, args)
-          } else if (checkAllAliases(key, flags.nargs)) {
+            i = eatArray(i, key, args, value)
+          } else if (checkAllAliases(key, flags.nargs) !== false) {
             // nargs format = '-f=monkey washing cat'
-            args.splice(i + 1, 0, value)
-            i = eatNargs(i, key, args)
+            i = eatNargs(i, key, args, value)
           } else {
             setArg(key, value)
           }
@@ -364,7 +360,7 @@ function parse (args, opts) {
 
   // how many arguments should we consume, based
   // on the nargs option?
-  function eatNargs (i, key, args) {
+  function eatNargs (i, key, args, argAfterEqualSign) {
     let ii
     let toEat = checkAllAliases(key, flags.nargs)
     // NaN has a special meaning for the array type, indicating that one or
@@ -372,14 +368,19 @@ function parse (args, opts) {
     toEat = isNaN(toEat) ? 1 : toEat
 
     if (toEat === 0) {
+      if (!isUndefined(argAfterEqualSign)) {
+        error = Error(__('Argument unexpected for: %s', key))
+      }
       setArg(key, defaultValue(key))
       return i
     }
 
-    let available = 0
+    let available = isUndefined(argAfterEqualSign) ? 0 : 1
     if (configuration['nargs-eats-options']) {
       // classic behavior, yargs eats positional and dash arguments.
-      if (args.length - (i + 1) < toEat) error = Error(__('Not enough arguments following: %s', key))
+      if (args.length - (i + 1) + available < toEat) {
+        error = Error(__('Not enough arguments following: %s', key))
+      }
       available = toEat
     } else {
       // nargs will not consume flag arguments, e.g., -abc, --foo,
@@ -391,7 +392,11 @@ function parse (args, opts) {
       if (available < toEat) error = Error(__('Not enough arguments following: %s', key))
     }
 
-    const consumed = Math.min(available, toEat)
+    let consumed = Math.min(available, toEat)
+    if (!isUndefined(argAfterEqualSign) && consumed > 0) {
+      setArg(key, argAfterEqualSign)
+      consumed--
+    }
     for (ii = i + 1; ii < (consumed + i + 1); ii++) {
       setArg(key, args[ii])
     }
@@ -402,15 +407,16 @@ function parse (args, opts) {
   // if an option is an array, eat all non-hyphenated arguments
   // following it... YUM!
   // e.g., --foo apple banana cat becomes ["apple", "banana", "cat"]
-  function eatArray (i, key, args) {
+  function eatArray (i, key, args, argAfterEqualSign) {
     let argsToSet = []
-    let next = args[i + 1]
+    let next = argAfterEqualSign || args[i + 1]
     // If both array and nargs are configured, enforce the nargs count:
     const nargsCount = checkAllAliases(key, flags.nargs)
 
     if (checkAllAliases(key, flags.bools) && !(/^(true|false)$/.test(next))) {
       argsToSet.push(true)
-    } else if (isUndefined(next) || (/^-/.test(next) && !negative.test(next) && !isUnknownOptionAsArg(next))) {
+    } else if (isUndefined(next) ||
+        (isUndefined(argAfterEqualSign) && /^-/.test(next) && !negative.test(next) && !isUnknownOptionAsArg(next))) {
       // for keys without value ==> argsToSet remains an empty []
       // set user default value, if available
       if (defaults[key] !== undefined) {
@@ -418,13 +424,17 @@ function parse (args, opts) {
         argsToSet = Array.isArray(defVal) ? defVal : [defVal]
       }
     } else {
+      // value in --option=value is eaten as is
+      if (!isUndefined(argAfterEqualSign)) {
+        argsToSet.push(processValue(key, argAfterEqualSign))
+      }
       for (let ii = i + 1; ii < args.length; ii++) {
+        if ((!configuration['greedy-arrays'] && argsToSet.length > 0) ||
+          (nargsCount && argsToSet.length >= nargsCount)) break
         next = args[ii]
         if (/^-/.test(next) && !negative.test(next) && !isUnknownOptionAsArg(next)) break
         i = ii
         argsToSet.push(processValue(key, next))
-        if (!configuration['greedy-arrays'] ||
-            (nargsCount && argsToSet.length >= nargsCount)) break
       }
     }
 
diff --git a/test/yargs-parser.js b/test/yargs-parser.js
index 217f188f..aa7399ee 100644
--- a/test/yargs-parser.js
+++ b/test/yargs-parser.js
@@ -1748,6 +1748,20 @@ describe('yargs-parser', function () {
       result['1'][1].should.equal('b')
     })
 
+    it('should support array for -f= and --bar= format when the value is dashed', function () {
+      var result = parser(['-f=--dog', 'cat', '--bar=--red', 'green'], {
+        array: ['f', 'bar']
+      })
+
+      Array.isArray(result.f).should.equal(true)
+      result.f[0].should.equal('--dog')
+      result.f[1].should.equal('cat')
+
+      Array.isArray(result.bar).should.equal(true)
+      result.bar[0].should.equal('--red')
+      result.bar[1].should.equal('green')
+    })
+
     it('should create an array when passing an argument twice with same value', function () {
       var result = parser(['-x', 'val1', '-x', 'val1'])
       result.should.have.property('x').that.is.an('array').and.to.deep.equal(['val1', 'val1'])
@@ -1869,6 +1883,24 @@ describe('yargs-parser', function () {
       result.foo[1].should.equal('bar')
     })
 
+    it('should raise an exception if -f== format is used for a key with no expected argument', function () {
+      var argv = parser.detailed('-f=apple', {
+        narg: {
+          f: 0
+        }
+      })
+      argv.error.message.should.equal('Argument unexpected for: f')
+    })
+
+    it('should raise an exception if --bar== format is used for a key with no expected argument', function () {
+      var argv = parser.detailed('--bar=apple', {
+        narg: {
+          bar: 0
+        }
+      })
+      argv.error.message.should.equal('Argument unexpected for: bar')
+    })
+
     it('should raise an exception if there are not enough arguments following key', function () {
       var argv = parser.detailed('--foo apple', {
         narg: {
@@ -1921,6 +1953,23 @@ describe('yargs-parser', function () {
       result._[1].should.equal('cat')
     })
 
+    it('should support nargs for -f= and --bar= format arguments with dashed values', function () {
+      var result = parser(['-f=--apple', 'bar', 'blerg', '--bar=-monkey', 'washing', 'cat'], {
+        narg: {
+          f: 2,
+          bar: 2
+        }
+      })
+
+      result.f[0].should.equal('--apple')
+      result.f[1].should.equal('bar')
+      result._[0].should.equal('blerg')
+
+      result.bar[0].should.equal('-monkey')
+      result.bar[1].should.equal('washing')
+      result._[1].should.equal('cat')
+    })
+
     it('should not modify the input args if an = was used', function () {
       var expected = ['-f=apple', 'bar', 'blerg', '--bar=monkey', 'washing', 'cat']
       var args = expected.slice()
@@ -3680,6 +3729,18 @@ describe('yargs-parser', function () {
       parse.error.message.should.equal('Not enough arguments following: a')
     })
 
+    it('returns an error if not enough positionals were provided for nargs even with nargs-eats-options', () => {
+      var parse = parser.detailed(['-a', '33', '--cat'], {
+        narg: {
+          a: 3
+        },
+        configuration: {
+          'nargs-eats-options': true
+        }
+      })
+      parse.error.message.should.equal('Not enough arguments following: a')
+    })
+
     it('does not raise error if no arguments are provided for boolean option', () => {
       var parse = parser.detailed(['-a'], {
         array: 'a',