Sailors Stan and Ollie offer to buy sodas for two women they meet in a park, even though they are short on cash. Luckily Stan wins the jackpot on a slot machine and the boys have enough money to rent a boat to cruise on a lake. They soon tangle with other boaters and everyone ends up in the water.
Josephine Spiggins is thinking of marrying John Spear, the stuffed-shirt son of a department store owner. When John's free-spirit brother Tony returns from touring the South Seas in his boat, the "Vagabond Lady," Jo is attracted to him instead.
