This set contains all Silly Symphonies not released on the first volume in Wave One. Leonard Maltin mentions in the intro that the original title cards to most of these shorts are presumably lost, and therefore, new title cards had been recreated making a close approximation of how they originally looked. However, these title cards weren't used on the initial pressings of this set. Also, the cartoon The Night Before Christmas was an edited version, missing footage of toys resembling Amos 'n Andy.^[1] Replacement discs were initially issued which corrected the errors on the original copies. From the Disney website, customers can call an 800 number to request replacement copies.^[2] Unlike the first volume, this was never released in a Region 2 format (except in Japan, which uses the NTSC video system).

65,000 sets produced.

• Hell's Bells (1929)
• Springtime (1929)
• Arctic Antics (1930)
• Autumn (1930)
• Frolicking Fish (1930)
• Monkey Melodies (1930)
• Night (1930)
• Playful Pan (1930)
• Summer (1930)
• Winter (1930)
• The Cat's Out (1931)
• The Clock Store (1931)
• The Fox Hunt (1931)
• The Spider and the Fly (1931)
• The Bears and the Bees (1932)
• The Bird Store (1932)
• Bugs in Love (1932)

• El Terrible Toreador (1929)
• The Merry Dwarfs (1929)
• Cannibal Capers* (1930)
• Midnight in a Toy Shop (1930)

(*) = with optional original ending

• Various audio commentaries by noted historians

• Birds in the Spring (1933)
• The Night Before Christmas* (1933)
• Old King Cole (1933)
• The Pied Piper (1933)
• The Goddess of Spring (1934)
• Cock o' the Walk (1935)
• Three Blind Mouseketeers (1936)
• Little Hiawatha (1937)
• Merbabies (1938)
• Moth and the Flame (1938)

(*) = when the DVDs were reissued, "The Night Before Christmas" was moved to "From the Vault" section on the set.

• King Neptune (1932)
• Santa's Workshop (1932)
• The China Shop (1934)
• Broken Toys (1935)
• Three Orphan Kittens (1935)
• More Kittens (1936)
• Mother Goose Goes Hollywood (1938)

• Silly Symphonies Rediscovered featurette
• Animators at Play Rare film of a studio softball game from 1930, narrated by Leonard Maltin
• Galleries
• Various audio commentaries by noted historians
• Easter egg: French language track on Little Hiawatha