The Pancake Bunny meme features Oolong, a domestic rabbit from Japan who became an early internet legend for his uncanny ability to balance objects on his head, most notably a pancake. Photographed by his owner Akutagawa and shared on the website 'Hyo's Rabbit' starting in 1999, Oolong's stoic patience while balancing breakfast foods captivated early 2000s forums like 2channel and 4chan. The image represents a state of being overwhelmed yet oddly calm, often paired with the caption 'I have no idea what is going on.' It stands as one of the most enduring 'classic' internet memes, symbolizing the transition from simple viral photos to the modern meme culture we know today.