After reading their own story, the Three Little Pigs decide to sell their straw and stick houses before the Big Bad Wolf blows them down, with Bugs being the unfortunate buyer. When the Wolf blows the houses down, Bugs retaliates in his usual manner, until he learns that both he and the Wolf have been had. The Pigs don't laugh for long.
Tropes appearing in this cartoon:
- Bowdlerization: On CBS' The Bugs Bunny and Road Runner Show, the part where Bugs (as Little Red Riding Hood) pokes the wolf in the eyes after saying "What big eyes you have, Grandma!" was cut.
- Disguised in Drag: Bugs dresses as Little Red Riding Hood to trick the Wolf. The Wolf in turn disguises himself as Grandma like in the story.
- Duck Season, Rabbit Season: The lightswitch variant. When the Wolf chases Bugs down to the basement, Bugs would turn off the light, causing the Wolf to run back up the stairs to turn them back on. Eventually, Bugs simply says "Click!", causing the Wolf to run back and turn the lights off and get hit in the head by Bugs in the dark.
- Everything Explodes Ending: Bugs convinces the Wolf to try to blow down the pigs' brick house, despite the book saying it's impossible. So he tries anyway, and after a pause, the house blows up.Wolf: I did it!
Pigs: He did it?
Bugs: (standing next to a Plunger Detonator) Eh, we did it!
- Jerkass Ball: Here, the Three Little Pigs are major jerks who trick Bugs into taking their homes so he has to deal with the Wolf instead of them. Those same pigs would continue being jerks on their next cartoon, "The Turn-Tale Wolf".
- Multiple Reference Pun: Bugs, having unmasked the wolf:Bugs: Why Granny, you're just a wolf in cheap clothing!
- Not Hyperbole: When the Wolf sees a sign that says "Shortcut to Grandma's House", he races down it... and crashes into the front door.
- Punch-Clock Villain: The Big Bad Wolf has no actual malice, he's just following what the book says.
- Reading Ahead in the Script: The characters from Three Little Pigs have read their own story and know exactly how it's supposed to turn out. (Makes the Jerkass Ball easier to understand.)
- Team Rocket Wins: The wolf, with some outside assistance from Bugs, successfully blows down the Three Little Pigs' brick house.
- Tempting Fate: When Bugs says he won't give the Wolf the present he brought for him, he begs "Gimme, Gimme, Gimme!". In his usual fashion, Bugs gives him a Pie in the Face, saying "Always remember, you asked for it!".
- This Means War!: After the Wolf blows down the stick house, Bugs makes his usual declaration of war.
- Word Schmord: When the Wolf says the book says he's not able to blow down the brick house, Bugs retaliates:"Book, schnook, blow the house down!"