Porky and Elmer rent Sam's boat for a trip to the Bering Sea shallows. They think over the years ocean currents have swept dozens of sunken ships there. Instead they end up finding a furry sea monster.
Petunia is baby-sitting Herkimer Hickey, who is afraid of strange men. When Petunia has an unexpected appointment, Porky has to disguise himself as a woman in order to fill in for her.
Foghorn uses a tin can and string telephone to trick Henery into thinking the chickens are locked in the coop, while in reality they are out on a picnic.
While on a train trip to Green Gap Gulch, Porky accidentally knocks off the silk hat of a man who had stashed $3,000 in its lining. Porky and the man backtrack to find the hat, but it has already been found by two bank robbers, who have put a bomb in it.