80's animated fantasy movie

Had to be '84 or '85 when I watched it on VHS, but I specifically remember an ANIMATED fantasy movie where there was a protagonist who was dealing with three witch sisters who shared one eye (as in, popping it into a socket, then a sister would get it out of the socket and place it in her own to use it), and then later in the same movie, a somewhat blue-faced badguy with a large mustache has his nose and mustache swiped back and forth by the protagonist's baton.. Believe me, I know how utterly vague this is, I'm just hoping someone else remembers the imagery described and what movie it was.