The Bugs Bunny King meme features the legendary Looney Tunes protagonist adorned in a royal crown and robe, looking smug and superior. While Bugs Bunny has worn many costumes over decades of animation, this specific image captures his essence as a master of wit and confidence. The meme became a viral sensation on social media platforms like Twitter and Reddit, where it is used to represent moments of extreme confidence, victory, or looking down on others with comedic arrogance. It has since become a staple reaction image for anyone who feels they have achieved 'king' status in their daily life or successfully outsmarted a situation.