He's off to see his beau. Of course the tires have patches, because this is a cartoon from the 1920s:

 

 

Here comes Putrid Pete, this time as Mr. One Percent. He's loaded! Except his tires have patches as well:

 

 

His vehicle is capable of extending its axles upwards so he can get ahead of his rivals and get the attention of the female, who is impressed by suitors who arrive first.

 

 

The rich guy, however, has a finicky car that will not go through mud. Note: the car wears bloomers.

 

 

Oswald gets there first, and begins to emit notes as a form of courtship.

 

 

The creature to whom he is pitching his woo responds, and - hey, hold on, who the hell is this? What happened to the rabbit chick? We have some sort of cat-rabbit hybrid is this?

 

 

A goat eats the banjo, but Oswald - in a gag Disney uses a few times - the tail is used as a gramophone crank, and musical notes fly out of the creature's mouth against its will.

 

 

 

The female's father is awakened. The clock says it's nine, so that means he sleeps late, and Oswald shows up in the morning to warble over a banjo.

 

 

 

Eventually the rival shows up, and the faithless little flirt toys with them both:

 

 

Each starts pulling an arm, and even though her limbs are quite elastic, she finds it alarming and painful:

 

 

Lucky for her, some wierdo shoes up with a bike and a sidecar. This she likes:

 

 

 

 

The rivals take turns kicking each other, because they lost the opportunity to have sex when they started pulling her arms off.

 

 

 

Note that the rival is now revealed to be a bear, and without his hat he looks quite naked.