The following scenes were deleted from the short release due to time constraints:
Goofy setting up his walrus trap with a welcome mat.
The entire first scene with Donald: him getting tired of eating beans and his initial attempt at capturing a female penguin with a penguin disguise and a Spiffany fish, as well as all scenes of him trying to kill her with an ax.
Much of the scene with the falling icicles, notably Goofy trying to test the sound with a pin, resulting in one giant icicle hitting him on the head so that his rear gets stuck in the ice.
Donald expressing excitement at the whole penguin colony and how they will sate his hunger.
The majority of Donald's penguin parade, most notably all scenes involving Donald trying to get rid of the penguin chick that gets in his way.
The penguin chick, feeling rejected for not being in the parade, shedding a tear that forms into a giant snowball (in this short release, the snowball just happens out of nowhere).
The penguins seeing the snowball coming and diving into the snow to safety, then popping their heads out of the snow after it passes.
Donald using Goofy's skis to slide down the hill to outdistance the snowball and the former razzing the snowball.