Along with Vanishing Bugs Bunny, Vanishing Tom can use his cape to vanish into invisibility at any time. Like V. Bugs, the only way Vanishing Tom can be seen while vanished is if someone wears "Clear Goggles". Vanishing Tom can be considered to be an enhanced version of Tom.
V.T. is not the only alias Vanishing Tom can go by. He also calls himself V. Tom.
Vanishing Tom first came into mind during the cartoon "Vanishing Duck". However, Tom used vanishing cream during said cartoon, instead of the vanishing cape he uses nowadays.