Universal algebra - roughly - is the study, construed broadly, of classes of algebraic structures (in a given language) defined by equations. Of course, it is really much more than that, but that's the best one-sentence definition I can give.

I'm very new to universal algebra. So far I've found it incredibly interesting, mainly because it looks at things I was already interested in from a new (to me) perspective, and that's always good; but I don't at all have a firm command of even the basics. For example, the recent question Relatively free algebras in a variety generated by a single algebra made me realize that I'd naively accepted a very false statement: until I thought about it, I'd sort of taken for granted that A is always relatively free in Var(A).

I'm sure this isn't the only false belief I have about universal algebra, and I'm sure I'll hold more in the future; and I'm also sure I'm not alone in this. So my question is:

What are some notable counterexamples (to reasonable hypotheses a student in universal algebra might have) in universal algebra?

I'm specifically interested in universal algebra because, well, it's fairly universal; it seems reasonable that a counterexample in universal algebra would be of interest to algebraists of many different stripes, and hopefully many outside algebra as well. At the same time, universal algebra is distinct enough that counterexamples in universal algebra would hopefully have their own flavor not found necessarily in questions like "counterexamples in group theory," "counterexamples in ring theory," etc. In that vein, I'd especially appreciate counterexamples about topics firmly within universal algebra - say, congruence lattices, or Mal'cev conditions - which nonetheless have "something to say" to other areas of mathematics.