During the late 1980, former Hipnotisano Pile vocalist Bojan Banović with guitarist Goran Sinadinović formed the band called Petar i Zli Vuci. The idea for the name came from Sinadinović who wanted to give the name similar to the names given to the bands from the sixties. Soon after, vocalists Saša Lukić and Milan Popović, guitarist Vojin Jovanović, bassist Siniša Nojković and drummer Relja Obrenović joined the band. Most of the band members were highschool friends from the IX Belgrade highschool.
The band got the public's attention by numerous club performances in Belgrade and Zagreb. Ska style and unique live performances provided the band an opportunity to perform and win the Subotica Youth festival in May 1981, with the song "Ogledalo". The song, with "Ubica" and "Na plaži" was released on single released by Jugoton during the summer of 1981. "Ogledalo" ,with the song "Kozaci", also appeared on the Artistička radna akcija compilation featuring the second generation of new wave from Belgrade. After the compilation was released, Lukić and Popović left the band and Dragoljub Ljubičić Mićko (vocals) became the new member.
The new lineup recorded the single "Moroni", which was released on the various artists compilation Ventilator 202 Demo - Top 10 in 1983. The band split up during the same year. In 1994 Komuna released a compilation Yu retrospektiva - Jugoslovenski novi talas featuring "Ogledalo". This is the only Petar i Zli Vuci song released on CD.
Relja Obrenović joined Rambo Amadeus' band and appeared on the album Hoćemo gusle in 1989. Banović worked with Indexovo radio pozorište for four years, finished architecture and got the master degree in the USA. Ljubičić was also involved with the Indexovo radio pozorište. In 1993 he appeared in director Želimir Žilnik's semi documentary film Tito po drugi put medju srbima. From 1985 and onwards he founded and became the director of "Tim talenata" marketing agency. He has since been involved with several productions and radio shows as well as written the book Nacionalni park Srbija (National Park Serbia). He also recorded a solo album Truba… i druge priče, released by Mascom Records in 2005.