Arriving at the Tennessee Karate Institute owned by Red West at 1372 Overton Park in Memphis on September 16, 1974
Bill Wallace and Dave Hebler (behind Elvis) flew to Memphis for the filming of the karate movie Elvis was working on at the time. On September 16, 1974 the world heavyweight karate champion Bill Wallace was promoted fourth degree black belt.
Bill had just competed in the first ever full contact karate championship out in Los Angeles on September 14th and this is the trophy he received when he won, and he is showing his trophy to Elvis. They are laughing because Elvis just knocked Bill on the head with the trophy.