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
http://galleries.vinyamar.com/ps/sho...DYPJD&etx=.jpg
One of the castle spires on the cover of Disney's The Little Mermaid was drawn in the shape of a "penis".
http://galleries.vinyamar.com/ps/sho...3mrg4&etx=.jpg
http://galleries.vinyamar.com/ps/sho...i84on&etx=.jpg
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.
http://galleries.vinyamar.com/ps/sho...eOlMg&etx=.jpg
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.