View the CNN report here, skipping forward to 1:55. A horrific Palestinian kindergarten graduation pageant is shown, in which five year olds are (as CNN's reporter does note) dressed as Hamas fighters and seen "brandishing toy guns."
It has further been confirmed by Second Draft's source that the full length video which had been confiscated by the Israeli Defense Force had been given to CNN as an exclusive with the understanding that it represented clear and undeniable evidence that the Palestinian Authority is not complying with one of the basic responsibilities it has undertaken as part of the ongoing negotiations to stop intentionally fomenting hatred and violence.
Here's the actual tape CNN was provided. Note that they've deliberately chosen not to show the most horrific part of the tape. It occurs right at the beginning, so it's not possible they "missed" it:
Yes, that is a kindergarten pageant consisting of five-year-olds dressed as terrorists murdering enemies and dragging their bodies off.
That's a bit more than "brandishing toy guns," is it not?