Porky is setting sail for the Boola-Boola islands, with hopes of opening 5 & 10 cent store. Sadly, a swordfish cuts a hole in the ship and all of Porky's goods fall out. The fishes make use of them, and instead Porky opens up a Hollywood nightclub, which consists of fish-impersonated celebrities. Porky is ultimately saved when a water-spout restocks his ship.

Porky goes after a rogue rabbit who manages to frustrate him at each turn. He is unsuccessful and the rabbit comes to visit him just to make recovery tougher for him.