Continuity mistake: After the Ballet, Alfalfa is being chased by the two bullies and Alfalfa is carrying a handkerchief that Darla gave him. He dives into someone's pool and swims across. When he gets out, he picked up his underwear but the handkerchief is gone. In the race, he has the handkerchief back.
Continuity mistake: When the kids run into the shed to change to their firefighter outfits to fight the clubhouse fire, it is glaringly obvious where they stopped the film and started it again: the sky has changed and is much more dim than when they entered.
Continuity mistake: During the big go cart race, the one of the tyres on the rascal's cart wobbles at times, but not at other times.
Answer: Because MGM owned the rights to the "Our Gang" trademark, when the early films were re-released and new series started, the name was switched to "The Little Rascals" (for example, the 1982 cartoon) and that's what most people know them by. After that, it gets tricky with which companies own which rights, and King World Productions has some of "The Little Rascals" distribution rights.
Bishop73