Bonnie Rabbit is the bright and cheery host of the Home Hopping Network (a reference to the Home Shopping Network).
In a Sesame Street sketch (EKA: Episode 3325), Benny Rabbit wanders by looking for the shopping network. Bonnie tries to get Benny to hop, but he explains that he's a "shopper", not a "hopper." Nonetheless, Bonnie encourages the viewers to hop along with her. Benny is appalled by the way she hops (quietly chanting "hippity-hoppity" while doing so), and decides to outhop her by doing "The Benny Hop." Eventually, a Green Anything Muppet woman, a mopping janitor and a grasshopper named Gus Hopper join in and hop along.
The puppet used for Bonnie was previously used for another rabbit character, Rudder.