Fred meets a young woman and he quickly announces to Lamont that he has proposed to her. However, Lamont is in for a big surprise when he meets Fred's fiancee who just happens to be Lamont's old flame, whom he would like to marry himself.

Lamont breaks the news to Fred that he plans to join the crew of a tramp steamer and sail around the world. A shocked Fred gets another shock, Lamont plans on putting him in a retirement home.