'Jumbo'! There are some loose points in the script - like why Jumbo sets out on a mission to find his father is not very convincing and the elephant fight where Jumbo gets to know about his father is executed similar to the one in Ice Age.
There are, however, several cute things about the film which makes it very entertaining. The characters are very fairytale-ish. The scenes where the dacoits ask for grains from the villagers bring back memories of 'Sholay'. The animation is super! The climax is not breathtaking, entertaining nevertheless.
The 'everything's gonna be alright' line is good as a song and all that, but I don't think it holds much relevance as far as the film is concerned.
The film on the whole is good fun!!