The dipolar cycloaddition of thiobenzophenone S‐oxide (1) and 2,2,4,4‐tetramethyl‐3‐thioxocyclobutanone (2) generates the labile 1,2,4‐oxadithiolane I, which in the presence of trans‐cyclooctene (3) affords trans‐episulfide (9). In this direct sulfur transfer, the oxathiirane II and/or the dithiirane IV, both derived from the 1,2,4‐oxadithiolane I, are proposed as elusive episulfidating agents. (© Wiley‐VCH Verlag GmbH & Co. KGaA, 69451 Weinheim, Germany, 2003)