The pink panther has a flat tire and when he wants to change it his new tire rolls away. The entire cartoon he is chasing the tire. There are some funny moments but it is more the animation than the cartoon itself. For example, all people here are not in color except for the cop: he is entirely blue. Things like this are nice little things to enjoy, but soon the cartoon gets repetitive and we get bored.
Like a lot of Pink Panther animated short films things are too much of the same. When the joke is really hilarious it gets above average, when the joke is not even a real joke it becomes dull. This is an example of the latter.