Baloo lets his pilot's license expire but is certain he'll have no problem renewing it. Throgmorton manages to fluster Baloo again, and our easy-going bear fails his pilot's test!

Wanting to cater to only the upper class, Rebecca puts up the Sea Duck as collateral insurance for what appears to be a valuable jewel shipment. However, Baloo loses the shipment and the Sea Duck to what turn out to be two con artists posing as a wealthy couple.