I won't dwell on the content of the film itself (skip to the last paragraph) because there seem to be enough reviews by people more familiar with the movie than I am. But I just had to say that the DVD quality is surprisingly good.
If you're like me and you bought the MillCreek 10000 Family Classics (or whatever outrageous number of old flicks they managed to cram on a few DVDs), you're probably seeing spots from all the less-than-crisp digital transfers of these old movies, most of which are public domain with low quality sources.
Well, good news, somehow the original source of this film remained in surprisingly good condition. It's on par with some of the expensive, digitally remastered stuff out there. That alone makes this a historic document worth having in your collection, especially if you can get it for a dollar at your local grocery store.
Now about the film itself. It's very entertaining, but don't expect an airtight story. At times it requires some supreme leaps of logic and suspension of disbelief. But if you can get past that, it's all in good fun, the music is timeless, and the comedy is cute. Note that this is very much a "dated" film, meaning there are a lot of references to 1940s culture which many of us may not get. There are a few celebrity impersonations that went completely over my head. Similarly, some of the jokes just flew by me, including the humorous title "All-American Co-Ed" which is a gendrical impossibility (at the time, "all-american" meant "male", and "co-ed" meant "female"). And then there are more unfortunate cultural references of 1940s sexism "A woman doesn't want a mind; she wants a husband" and somewhat narrow racial stereotypes showing black people as uneducated simpletons who can never seem to conjugate their verbs properly. But my point is that this film must be viewed through a 1940s lens, and you'll realize it's all intended in good fun.