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The Iron Giant (1999)This is one of my 4 year old sons absolute favorites. We rented the VHS from local mom and pop store so many times they let us have it! Later he and I were at Target (in a city that actually has one) and he spotted the DVD for 8 bucks which we scooped up with no hesitation. He really didnt care for the extras, watched em once, but he watches the movie a lot.
He even taped a flashlight to a plastic baseball bat to pretend its Hogarts BB gun (we dont have any actual toy guns).