The title is a double play on words, with "Wackiki" suggesting both the island setting, as in "Waikiki", as well as suggesting "wacky", along with the usual Elmer Fudd speech pronunciation of "rabbit", although Elmer does not appear in this picture.
Two castaways are adrift on a small raft in the middle of the ocean, underscored with "Asleep in the Deep". Delirious from hunger, they start imagining each other, or even their own limbs, as food items. They spot an island in the distance and rush ashore, underscored by "Down Where the Trade Winds Play", where they meet Bugs Bunny. To his friendly, "What's the good word?" they answer "FOOD!" and start after Bugs, who swings away on a vine with a Tarzan yell.
Chasing Bugs through the jungle, they spy him dancing, semi-disguised as one of the "natives." Bugs welcomes them with "Ah! White Men! Welcome to Humuhumunukunukuapua'a'a'a island." He then proceeds to speak in Polynesian-accented nonsense, a long stretch of which is subtitled simply "What's up Doc?" and a very short segment is subtitled, "Now is the time for every good man to come to the aid of his party." The tall and skinny man says, "Well, thanks!" and the short, fat man, actually seeing the peculiar subtitle, "Ofa eno maua te ofe popaa", says "Gee, did you say that?" The skinny man shrugs.
Bugs tricks them by substituting a skinned chicken for himself in the large cooking pot. He taunts them with the chicken, using it as a marionette, until the strings become tangled and he has to make a quick escape.
As the castaways sob in frustration, they hear a steam whistle from a ship. The men leap for joy at the prospect of being saved and trot toward the gangplank. Bugs kisses them goodbye and presents them with leis, then pulls his time-honored switcheroo trick and boards the ship himself. The boat pulls out, leaving the two men on the island, still waving goodbye to Bugs. The Skinny Man slaps the Fat Man for still yelling "Goodbye!" The two once again imagine each other as a hot dog and a hamburger, chasing each other into the distance as "Aloha Oe" plays.
- "Wackiki Wabbit" uses experimental strongly graphic, nearly abstract backgrounds.
- The castaways are caricatures of Michael Maltese and Ted Pierce.
- This cartoon has fallen to the public domain after United Artists (successor to Associated Artists Productions) failed to renew the copyright in time.
- A few clips from this, "Fresh Hare", and "Case of the Missing Hare" were used in the documentary Square Roots: The Story of SpongeBob SquarePants.
- During the sequence where Bugs, dressed in a Hawaiian outfit, speaks Hawaiian to the castaways, subtitles appear in this scene. In the 1995 dubbed version prints (both USA and EU) a blue border appears in this sequence. While the USA dubbed print has the video properly scaled to fit the border in this sequence, the EU dubbed print (pictured at the bottom of the image below) has the video not scaled properly to fit the border in this sequence, resulting in part of the subtitles in this sequence to get cropped off.
also see the List of Bugs Bunny cartoons