The plot centers on the
Academy Awards presentation. The action begins with live action color film footage of various
Hollywood scenes (edited from
A Star Is Born), narrated by
Robert C. Bruce. It leads up to the Big Question of the evening: Who will win "the" Oscar? The film shows the stereotypical
red carpet arrivals of stars, as well as a human
emcee starting to introduce the Oscar show. At this point, the film switches to animation, with the shadow of a now-animated emcee (and now voiced by
Mel Blanc) continuing to introduce the Oscar, and Bugs (also Mel Blanc's voice, as usual) assuring the viewer that "it's in da bag; I'm a cinch to win." Bugs is stunned when the award goes instead to
James Cagney (who had actually won in the previous year's ceremony, for Warner's
Yankee Doodle Dandy). Shock turns to anger as Bugs declares the results to be "
sa-bo-TAH-gee" and demands a recount. Bugs then tries to make his case by showing ''
Hiawatha's Rabbit Hunt (here titled Little Hiawatha'') as proof of his allegedly superior acting (an inside joke, as the cartoon had actually been nominated for an Oscar and lost). He hurls a set of film cans off-screen, telling the audience that they are "some of [his] best scenes", and orders "Okay, Smokey, roll 'em!" Immediately, a "
stag reel" (with the title card depicting a grinning
stag) starts to roll, and the startled Bugs quickly stops it and embarrassingly switches to the right film. After Bugs shows the cartoon, there is then a parody of aggressive salesmanship: Bugs beats a bass drum and parades across the stage with signs such as "Let Bugs Have It" and "Give It To Bugs". He then quickly passes out cigars en masse to the audience. Finally, Bugs pleads with the audience, "Well, what do you say, folks? Do I get it? Or do I get it?" (echoing
Fredric March's drunken appeal to the Academy Award banquet audience in
A Star Is Born). The emcee asks the audience (in an affected nasal voice), "Shall we give it to him, folks?" and they yell, "Yeah, let's give it to him!" whereupon they pelt Bugs with fruits and vegetables (enabling him to briefly do a
Carmen Miranda impression)... and an
ersatz Oscar labeled "
booby prize", which is actually a gold-plated rabbit statue. Bugs is so pleased at winning it, he remarks, "I'll even take youse to bed wit' me every night!" The statue suddenly comes alive, asks in a voice like that of radio character,
Bert Gordon, "Do you
mean it?", smooches the startled bunny, and takes on an effeminate, hip-swiveling pose, and the Bay-Woop! sound effect ends the cartoon. ==Analysis==