That reminds me of Dance of the Dwarves:
Is that anything like what you were looking for (skip to the end)?
OMG! YES!!! YES, THAT'S IT! You just put over 3 decades worth of wondering to bed sir. I thought at first it was the "Cut and Run" flick posted earlier and that my memory was just way off, but "Dance of the Dwarves" is the one! Wow. I have a ridiculous grin on my face and am feeling like a kid again.
Thank you so much for this!