The instant invention is a sealant composition comprising an ultra-high solid polyurethane dispersion comprising. The ultra-high solid polyurethane dispersion comprises (1) a first component comprising a first polyurethane prepolymer or a first polyurethane prepolymer emulsion, (2) a second component comprising a media phase selected from the group consisting of a second polyurethane prepolymer emulsion, a low solid content polyurethane dispersion, a seed latex, and combinations thereof; and (3) a chain extender. The ultra-high solid polyurethane dispersion has at least a solid content of at least 65 percent by weight of solid content, based on the total weight of the ultra-high solid polyurethane dispersion, and a viscosity of less than 5000 cps at 20 rpm at 21° C. using spindle #4 with Brookfield viscometer. The sealant composition may further include optionally one or more surfactants, optionally one or more dispersants, optionally one or more thickeners, optionally one or more pigments, optionally one or more fillers, optionally one or more freeze-thaw agent, optionally one or more neutralizing agents, optionally one or more plasticizers, and/or combinations thereof.