Cailliet also orchestrated three piano pieces of Sergei Rachmaninoff: the Serenade No. 5 from Morceaux de fantaisie Opus 3, the Prelude No. 5 in G minor from the 10 preludes of Opus 23, and the Prelude No. 5 in G major from the 13 preludes of Opus 32.
It is a character piece, based on the Commedia dell'arte character Pulcinella (Polichinelle is the French translation of this word) from which Punch (from Punch and Judy) derives.