"Ravishing Ronald" is modeled after wrestler Gorgeous George Wagner, who used many of the gimmicks Ronald does in this cartoon: a valet, perfume, dyed blonde hair and bobby pins. Unlike Ronald, however, Gorgeous George was actually a competent wrestler, and theatrical "cheating" was his trademark, not his opponents'.
The character of the ring announcer is modeled after real life actor Dan Tobey, whose entire career was portraying boxing and wrestling announcers on film, which he also did in real life.
The Arabian Nights-esque gong sequence was also used by Rank Films at the time
Television, still in its early days, showed popular sporting events like local boxing, wrestling and roller derby at the time this short was released.
Bugs' tailor character's name (Stychen Tyme) is a play on the phrase 'stitch in time'.