Chip 'n Dale live next door to a zoo and spot the elephant's stash of peanuts. They go after them, but both the elephant and his keeper, Donald, are too clever. Then the boys realized the visitors throw peanuts, so they put on a song-and-dance act. Then they paint themselves white and pose as albino chipmunks.
Practical Effects
Hand-painted albino transformation sequence

Director
Jack Hannah
Trivia, insights & behind the scenes
This was one of only three Chip 'n Dale cartoons directed by Jack Hannah, who preferred solo Donald Duck shorts but made an exception for this zoo premise.
The 'albino' gag reflects 1950s America's fascination with circus sideshow novelty acts—Disney later quietly retired similar 'exotic' disguises from re-release packages.