Here is a Bunny

Here is a bunny with ears so funny. (hold up 2 fingers on one hand like bunny ears)
And here is a hole in the ground. (finger and thumb of other hand together to make circle)
When a noise he hears (hold one hand to ear)
He pricks up his ears (hold up 2 fingers on one hand like bunny ears)
And jumps in the hole in the ground! (hand with finger-ears "jumps" into hand with hole)

Variation
Here's a bunny with ears so funny. (wave hands above head for ears)
And here is a hole in the ground (use hands to form a circle).
When a noise he hears, (clap hands)
He perks up his ears, (make ears stand up straight)
And jumps in a hole in the ground. (dive towards the floor)

 

Magic Hat Version
Here is a bunny
With ears so funny
And here is a little magic hat
Abracadabra kaZAT!
Jump into the magic hat
Abracadabra kaZEN!
Jump back out again