Yes. I'm aware that this means little animal in Spanish, but it is also used to mock a pitiful creature or person.
It can be used in place of "poor baby."
You're crying because she hasn't commented your new pic on myspace? Are you kidding? Oh, animalito!
Unsurprisingly enough, it the most frequently robbed bank is Santa Maria, California.
Friend 1: Both Robabanks were robbed last week!
Friend 2: No kidding! What else is new?