Saludos Amigos isn’t really a film. It’s more of a travelogue. See, in 1941, right before the war started, the State Department sent Disney animators down to South America on a goodwill tour. Sort of a, “Hey, we’re Good Neighbors” sort of deal. A lot of South America had ties to the Nazis (Boys from Brazil, anyone?), so they said, “Hey, what’s pure? Disney is pure. They love the mouse down there,” so they sent Walt as an ambassador. They went down, about twenty people in all — artists, composers, etc. — and visited Argentina, Brazil, Chile and Peru. Apparently the film did more to promote common interest between the U.S. and South America in the few months the trip lasted than the State Department had done in 50 years. Good old Walt.
But as I said, it’s not really a film. It’s mostly just a piece designed for ambassadorial purposes. There’s no plot, it’s just an actual tour of South America, with some Disney characters we know thrown in. That’s why this film is where it is. It does nothing wrong, it’s just that there’s not much of substance here either.