Retro: Cyclo[8]isoindole, which has a saddle‐shaped geometry (see picture, 2), was synthesized by oxidative coupling of a bicyclo[2.2.2]octadiene(BCOD)‐fused 2,2′‐bipyrrole followed by a retro‐Diels–Alder reaction of BCOD‐fused cyclo[8]pyrrole (1). Key trends in the optical spectra of ring‐annelated cyclo[8]pyrroles are identified based on magnetic circular dichroism spectra and theorectical calculations.