Experimentally, the recoil phase leading to rebound behavior for drop impact onto ultrathin oil-covered solid surfaces was studied. It was found that the oil film can rupture during the impact process when the contact angle between the drop liquid and substrate is smaller than 90 degrees. Due to such rupture, the substrate wettability of the substrate can affect the behavior of the drop impact. The rupture of the oil film can be promoted by an increase in impact Weber number (We) and a decrease in the film viscosity and thickness. The effect of We, oil viscosity, and film thickness on the rebound behavior of the drop was also investigated. For low-viscous oil films (5 cSt), it was shown that the smooth and circular edge of the liquid lamella is the key parameter affecting the level of rebound. The smooth rim of the lamella can cause an elongated rebound, while a lamella with a jagged rim will result in a stout rebound. For the impact cases onto oil films with medium and high viscosity, the effects of the film viscosity become more important; the rebound type can be suppressed due to the viscous dispassion. We have also shown that silicone oil can cloak the daughter drops generated in the rebound process for the first time. Due to the existence of the oil, the daughter drops do not merge even when they make contact in the air.