Little Bosko is giving cookies by his mother to take to grandma. Bosko has a big imagination. Instead of being hunted by a wolf, Lil Black Bosko is hunted by cookie-loving cannibals.
Lots of racial caricatures common at that time. Cartoons like this can't be made now and shouldn't have been made then but the great score and wonderful animation superbly redeems this cartoon.
If you like Fats Waller, you'll like these cookies.