The other reviewer is entirely right in emphasizing that there has been an extreme mix-up of two different short films that were mistakenly combined into one IMDb page. One is apparently a Screen song by Dave Fleischer, similar to the vintage cartoons of the day; the other is a two-minute independent stop-motion film by filmmaker Len Lye which has received the most attention of the two. I am here to review the Lye short, as I have never actually seen the Fleischer cartoon - I am unaware if the latter is even available online at all. Regardless, the only way to review either one is to post a review on this page or find the IMDb page for 'Experimental Animation 1933', which is another name for the stop-motion film (maybe he never really titled the work?)
Len Lye created "The Peanut Vendor" in the hopes of being able to start a career in puppet animation, which, perhaps fortunately for us, never happened. In today's world of horror films, this two-minute work is more terrifying than amusing, as I'm sure it would've been intended for younger audiences. All the movie consists of is a creepy-looking monkey puppet singing and asking people to buy his peanuts before they're all gone, whilst doing a weird dance with his dismembered tail. It's an odd curiosity, definitely an attempt from Lye to be more of a commercial filmmaker - which never happened, as the man was known primarily for his experimental films. Additionally, the short is also his most known work simply because of its weirdness and how different it is from the rest of his output, and in the end a bit of an oddity in its own way.