The Lola Bunny costume from Space Jam is one any 90s baby is sure to recognize. Lola Bunny is a character in the Looney Tunes franchise. Looney Tunes is an American cartoon franchise that had a lot of famous animal cartoon characters. Lola is one of them. Lola is most famous for the role that she played in the movie Space Jam. Space Jam is a sports comedy that features both human, real-life actors and cartoon characters who work together on screen. Their goal is to win a basketball game with high stakes.