Pixar fans are always on the lookout for easter eggs and so most of them probably caught this moment early in Coco.
The Blu-Ray extra even includes a look at some the real pinatas of Buzz, Woody, and even Lightning McQueen.
The pinatas are on screen for a few seconds and they’re fairly large, making them one of easiest easter eggs to notice in all of Coco.
When I saw them, I simply wrote them off as a fun reference, or possibly even an intentional reference to Toy Story 4, as Pixar likes to reference upcoming projects, and the next Toy Story film was once planned to be the studio next release following Coco.