The animated short A Wild Hare is released, introducing the character of Bugs Bunny.

A Wild Hare is a 1940 American animated comedy short film directed by Tex Avery, produced by Leon Schlesinger, and distributed by Warner Bros. as part of the Merrie Melodies series. The film was released on July 27, 1940, and features Elmer Fudd and Bugs Bunny, the latter making what is considered his first official appearance.

Bugs Bunny is a cartoon character created in the late 1930s at Warner Bros. Cartoons and voiced originally by Mel Blanc. Bugs is best known for his featured roles in the Looney Tunes and Merrie Melodies series of animated short films, produced by Warner Bros. Earlier iterations of the character first appeared in Ben Hardaway's Porky's Hare Hunt (1938) and subsequent shorts before Bugs's definitive characterization debuted in Tex Avery's A Wild Hare (1940). Bob Givens, Chuck Jones, and Robert McKimson are credited for defining Bugs's design.

July 27 is the 208th day of the year in the Gregorian calendar; 157 days remain until the end of the year.