Yes it is. Here's some animations that you should watch. Because they are awesome.
Tex Avery spits in the eye of every overly cute fairy tale cartoon ever made:
A simple story of life, death, and gerbils:
Radiohead makes me feel weird...in my pants
And finally, Fleisher mindfuckery at it's very best:
Edit: Okay, how about one more awesome Betty Boop cartoon?: