I recently got a hold of issue number 5 of Red Rabbit Comics. I'm assuming like Foxy Fagan, this is also a collaboration between Harvey Eisenberg and Joe Barbera. Most of the star characters are directly or indirectly taken from MGM characters. King Looey the Lion is basically the lion from "Jerry And The Lion", Slapsy Squirrel is Screwy Squirrel with pants, and Officer Mutt is just Officer Pooch revisited from the Hanna-Barbera cartoon of the same name.
The comic is in awful shape and was literally falling to pieces as I read it so I made sure to scan the whole thing before it completely disintegrates. The artwork is fantastic so I'll be sure to post the whole thing in a few different posts. Though maybe not the covers, as there's not much left of them. Luckily the rest of comic is in better shape.