I'll start off with some Disney ones
The letters S-E-X are formed by a swirling cloud of dust in The Lion King
One of the castle spires on the cover of Disney's The Little Mermaid was drawn in the shape of a "penis".
this isnt a photoshop, because my aunt used to own the tape.. and yes it did have a penis tower.. LOL
The photographic image of a topless woman can be spotted in the background of The Rescuers.
sorry bout those green faces awhile ago.. just rehosted the images so they'd show up.. bastards at snopes.com wont let u copy lol.