I was just stunned when I first saw the video but its funny, check it out and answer the poll 
What do you think it is ?
(3 votes, average: 3.33 out of 5)Bugs Bunny’s Dick Caught On Tape :P
Posted 3 years ago
(3 votes, average: 3.33 out of 5)
Heather said,
Wrote on March 15, 2008 @ 6:53 am
It’s the space between his legs above the towel. You can clearly see that when you slow the video down.