A prancing pig performs a balloon dance with the grace of a king, or a tramp.
It starts with a minion pig hanging on to a curtain and then he slides down. He then walk to a desk with a balloon on top of it and starts performing with the balloon. He then takes out a sharp nail and throws the balloon into the air and makes it land on it. The balloon did not pop after landing on the nail. Instead, the minion pig pops and the balloon flies away.
In the title card, the balloon is red, but in the episode, it is blue.