This Two-Strip Technicolor cartoon certainly is not one most folks would care about one way or the the other. So why is it an important film? First, and most importantly, it's the debut of Porky Pig. Back in the day, Porky was NOT cute but a bit grotesque...though in the first one he's a bit less gigantic and ugly. All he does in this one is recite a poem in class....the film really isn't his starring vehicle. Second, while not a major innovation, it is interesting to see this Looney Tunes short in color--albeit a more primitive version than the Three-Strip Technicolor used by Walt Disney. Why was Disney using it in 1935 and no one else? They bought exclusive rights to its use...and gave the Disney films real color...not the orangy-green you see in the two color processes.
The film consists of some animal children in school putting on some sort of pageant where they recite, sing and dance. It's not the most interesting idea for a short, that's for sure. But it was 1935 and this was still well before the studio became the best at producing entertaining shorts. Instead of humor, the older cartoons by Looney Tunes/Warner Brothers tended to be more cute and had a lot of singing.
So is it any good? Well, compared to the average film of the day, it was better than usual--with slightly better animation than most of the competition. Humor-wise, it had a few moments though none of the great laughs you'd later expect with a Looney Tunes cartoon.