The Pink Panther drags out an old trunk with sword and cape. He wants to become a famous matador. The cape is moth-eaten and falls to pieces. As Marvelo the Magician walks by, the Pink Panther steals his magic red cape. A white rabbit is stored in the cape. Every time that the Pink Panther thinks he’s winning, the rabbit hops out of the cape and kicks the bull, who gets more action than he expected!