The film "The Caterpillar and the Polliwog" does not feature any identifiable LGBTQ+ characters or themes. The narrative focuses on the natural transformation of its animal protagonists, with no elements related to queer identity or experiences.

The animated short 'The Caterpillar and the Polliwog' depicts the friendship between a caterpillar and a polliwog as they undergo their natural transformations. The film does not feature any identifiable transsexual characters or themes, focusing instead on the universal experience of change and the bond between friends.

The movie does not contain any action or adventure elements.

The film is a direct adaptation of Jack Kent's children's book, which establishes the Caterpillar as female and the Polliwog as male. There is no indication that the film altered these canonical genders.

The film's primary characters are a caterpillar and a polliwog, which are animals. The concept of human race, and thus a 'race swap,' does not apply to animal characters.