Set in 18th-century England, the film centers on Yosemite Sam's attempts to commandeer a ship, the "Sad Sack," for his own mischievous purposes. He coerces Bugs Bunny into joining as a crew member under false pretenses of a free voyage around the world. Once aboard, Bugs realizes he has been duped and engages in a series of comedic confrontations with Sam. Their antics include Bugs tricking Sam into relinquishing his authority by feigning a shipwreck, only to have Sam retaliate with various schemes for vengeance. These range from attempting to sink Bugs with the ship's anchor disguised as a baby to mistakenly causing the ship to sink while searching for buried treasure.
Despite Sam's repeated efforts to sabotage Bugs, each endeavor results in his own downfall, culminating in the destruction of the ship. Despite Sam's persistent repairs and retaliations, Bugs ultimately emerges victorious, leaving Sam defeated and surrendering to Bugs' whims as they set sail into the sunset.
^Beck, Jerry; Friedwald, Will (1989). Looney Tunes and Merrie Melodies: A Complete Illustrated Guide to the Warner Bros. Cartoons. Henry Holt and Co. p. 207. ISBN0-8050-0894-2.