I doubt many people have seen or heard of this one, but if you wanted a sort of modern-day comtemporary... imagine 'My Neighbour Totoro' made in the 1970s in Sweden. The plot is very childlike and whimsical, consisting mostly of Dunderklumpen, the toys, Jens, his father and other characters running around the forest periodically breaking into song. The animation feels quite crude and jerky by today's standards, but it is surprisingly endearing and genuinely funny in places.

I remember enjoying this as a kid--which is the primary reason I hunted it down a few months back on eBay--but I don't think any but very young children would appreciate it now. Unfortunately I think older viewers would just feel it hasn't aged all that well.