The subject of this study, or a short story “Rabbits”, is one of the representative short stories by a Japanese female author, Kanai Mieko, who has built up her own independent literatures in her early days. Due to the shocking materials of literature and eccentricity, this short story not only became hot topic in Japan but also got spotlight abroad through translation. 　As the texts of “Rabbits” are so provocative and somewhat idealistic with its complicated structure, and the issue of narrative and fantasy factors, the short story is not only hard to interpret but also has the attractive texts which can be differently viewed in many respects. As such, the “fantasy”, which is found in the story in many different ways, can be said one critical keyword in understanding the text of “Rabbits”. In this study, the structure of the “Rabbits” would be reviewed along with the texts and the allegory and the implications in the fantasy of “Rabbits” would be analyzed. Then, the discussion would be expanded to include what kinds of implications the short story has at that time from the cultural and social perspective. In this process, the discussion would also deal with the key words such as “sexuality and love” which helps to understand the Kanai Literature. This process would show us how the expression of “sexuality” in the “girl” is cast in the frame of the fantastic work as one of the characters in the work and reborn as “Rabbits”, which is frequently seen in the early Kanai Literature, and what the “Rabbits” means in the Kanai Literature.