Pac-Man turns into his ball form and summons a blue trampoline that stays in mid-air. The trampoline can be bounced on by anyone two more times, with each subsequent bounce launching characters higher than the last, but a third time causes it to break and the user to become helpless. Should anybody other than the user jump off of the trampoline, their jump will be refreshed, had they already used it. The trampoline will also change color based on the number of bounces it has left (from blue, yellow, then to red).
The move can also be used offensively: once Pac-Man bounces off the trampoline, he will begin to chomp, causing 5-8% of damage to anyone he touches until his jump reaches its peak. While the chomps do minimal damage and knockback, the move is a useful out of shield option, since the trampoline is spawned on frame 1, and instantly forces grounded opponents to jump (and thus technically makes the chomp unblockable against grounded enemies).
The red trampoline's breaking effect is the only way for twelve characters to enter helplessness. Those characters are Yoshi, Jigglypuff, Mr. Game & Watch, Snake, Ivysaur (in Ultimate), R.O.B., Sonic, Bowser Jr., Mega Man, Bayonetta, Chrom, and Banjo & Kazooie. This makes it so that characters who did not have a helpless state in the previous game gain one, and by extension, is the second iteration in the series to have helplessness for every character, the first being Melee when characters air dodged.
In Ultimate, the trampoline can be attacked by other players, although it cannot be attacked by the user. Based on the current color and the power of the attack, the trampoline will become yellow, red, or disappear altogether. The trampoline is also spawned at frame 10, making the chomp blockable.
No Collision Glitch (1.0.8 - 1.0.9)
Special Move customization was added in Super Smash Bros. 4. These are the variations:
Pac-Man's ball form originates from his sprite in the very first Pac-Man game.
The trampoline is a reference to the 1983 Bandai Namco arcade game Mappy. In the game, there are several trampolines that start the game colored green. Every time they are bounced on, they change color to blue, yellow, and red. When bounced on when red, the trampoline breaks apart, leaving Mappy helpless. The trampoline in Pac-Jump goes through these colors in the same order, but starts out blue since Pac-Man immediately bounces on it once it appears.