The funny thing is that this is just the basis for so much classical music! Honestly, I find the composition in this cartoon impressive. Sure, it's funny - and perhaps that was meant to be the main mark against it. But take it far enough, and it can transcend the ridiculousness and become moving.
And even if it doesn't, it can still be lots of fun. Shostakovich did it in his wonderful operetta "Moscow, Cheryomushki".
A later animated film with the same musical idea was Garri Bardin's "Bang! Bang! Oh-oh-oh!" (1980).