Treasure enthusiasts flock to the beach when a radio DJ announces a competition for hidden treasure, and Matt and C.J. become involved in the festivities.

Matt considers fulfilling his dreams of playing professional volleyball when he's given a chance to partner with a pro. Mitch meets the beautiful Tracy, who tries to sell Baywatch a hovercraft for rescues. Garner literally chokes when he tries to sing in public. C.J. protests oil drilling in the bay, and the lifeguards must rescue the drillers who become trapped underwater.