Oswald the Lucky Rabbit was a character created and animated by Walt Disney and his employee, Ub Iwerks. However, in a very shortsighted move, Universal Studios took control of the character from Disney and gave control to Walter Lantz...all in a bid to save money. However, the Lantz era Oswald cartoons were amazingly bland and although they looked better, the weird and chaotic nature of the character was gone...and Oswald eventually disappeared from films.
This is one of the earlier Walter Lantz Oswald cartoons. And, like the earlier ones, it looks much more like a Disney film AND features a villain who looks amazingly like Pete. It also features a girl cat who is remarkably like Minnie Mouse. So much for originality!
In this short, Oswald steals the girl away from the faux Pete and the pair then frolic about...and this tends to make the short a bit dull. Fortunately, faux Pete returns for her and the action picks up a bit and for the rest of the film it's Faux Pete and Oswald trading violent barbs.
Overall, better than the average cartoon of the day but not even close to being the equal to a Disney or Fleischer Brothers cartoon. However, it's a billion times better than the hellishly cutesy and awful Oswald cartoons Lantz would make after the character was redesigned a couple years later.