When Daffy hears that the Klondike trading post is paying good money for furs, Bugs' pelt becomes endangered.

Bugs Bunny gushes with excitement over the end of school, but while stopping to wonder why he's excited about this at his age, he runs into a tree and has a flashback to his youth, when he was just as excited about the end of school. But his nemesis, a young Elmer Fudd, is also out, and he's out to get the budding wascally wabbit.

Alvin learns the true meaning of Christmas.

The Bugs Bunny/Road Runner Movie is basically a collection of Warner Bros. short cartoon features, "starring" the likes of Daffy Duck, Porky Pig and Wile.E.Coyote. These animations are interspersed by Bugs Bunny reminiscing on past events and providing links between the individual animations which are otherwise unconnected. The Road Runner feature at the end consists of sketches from various RR separates (well it does in the 78-minute version anyway).