I ship it

Well their Jellystone counterparts are clearly dating why not the original ones too

Honestly, even ignoring the Jellystone counterparts, I think this is actually a good ship. Wolves and sharks (at least in the older days) has been typically seen as evil and/or no respect. Loopy would give Jabber Jaw unfailing being polite and cordial to him aka giving him the respect the shark has sought after. Meanwhile, Jabber Jaw, while not typically violent, would be extremely protective as Loopy whenever someone is mean to him. Because like hell he is going to let the one person who shows him 100% respect gets disrespected in kind.

You just made me a shipper. I hope that this wouldn't be the only time you draw of these guys.