mmv "*.mp3" "old_#1.mp3"
prefixes all files in the current directory ending with .mp3 with 'old_'. Btw., the quotes around the arguments are necesssary because mmv uses some of the same metacharacters as the shell does.Multiple substitutions are allowed, e.g.:
$ mmv "*.*" "#1___#2"
renames blub.xyz to blub___xyz.