I'm with the little fellow—I really wanted to hear that radio program.
After the Toy Town Hall started, I immediately recognized it was one of those Hollywood parodies, or rather actually a parody of a radio show with various well-known entertainers. I recognized Bing Crosby, Eddie Cantor, and Rudy Vallee, but had to look up the rest. It turns out the jack-in-the-box is Fred Allen of radio fame (whom I know mainly from his panel appearances on some of the early What's My Line? shows). Here's a page with all the info.
What is the round purple thing in the background at 1:54?
