This film was made about the same time King Kong came out but that was just a coincidence. The animator is Dave Fleischer (who's famous for working on Betty Boop) and the song was the "Bad Romance" of its day and started the rumba craze.
All that aside, I'm going to drive over to the liquor store, buy as many bottles of vodka as I have money left in my bank account and keep drinking until I forget what I just saw.