This Pink Panther cartoon definitely reminds me of an earlier one- Bully for Pink. This time, he is coerced by the pointy-nosed man to take on a wild bull in the arena after the original matador chickens out. The Pink Panther proves to be quite the matador, doing plenty of sly tricks and moves to dodge the bull- even at one point hiding himself in vases and disguising himself as a shark. Plenty of cool stuff in this one and definitely a one-up for the Pink Panther- getting the best of the bull and winning one for himself towards the end!
That's not how it should end. It should end with the bull meeting and falling in love with the cow that the pink panther was initially being the matador. It's called dove tailing. You set something up at the start and connect with it at the end. Comedians like Jack Benny did this in many of his sketches.