An iteration of the Playboy Bunny known in Japan as a Bunny Girl. Usually depicted as an attractive woman wearing bunny ears; a bunny girl can also be seen in anime as a hybrid human/animal known as Kemonomimi.
Some versions of this emoji, such as Apple’s, display two girls dancing, each wearing a leotard and bunny ears. Other interpretations show the face of one woman wearing bunny ears.
The two-person version of this emoji is often used as a display of friendship, fun, or "let's party".
People with Bunny Ears was approved as part of Unicode 6.0 in 2010 under the name “Woman with Bunny Ears” and added to Emoji 1.0 in 2015.