The album contains a story narrative and "The Merrily Song," in which Toad (Eric Blore) and Cyril (Pat O'Malley) sing, "We're merrily on our way to Nowhere to Particular." Music is by Frank Churchill and Charles Wolcott. Lyrics are by Larry Morey and Ray Gilbert.
(Scroll past the lyrics to see more about the album.)
You can see a fantastic poster featuring the Merrily Song (based on the movie lyrics) by clicking this miniature version. The poster is by Richard Terpstra, who is willing to sell you a very fine printed version of it at a reasonable price.
The movie version extends the song slightly, as you can hear in this video:
The front cover of the Mr. Toad album opens to show a two-page spread of Mr. Toad and his adventures.
Toad can be seen in the Capitol-Disney parade on the back of the Mr. Toad album cover, along with Goofy, Mickey, Donald, and one of the three pigs.