After his parade float is destroyed when he takes it to the car wash, Daffy cons Porky out of all his savings and splurges mercilessly in order to obtain a yacht to replace the float, and when he finds out, Porky fights with Daffy as the yacht ends up drifting away from shore with Bugs after Daffy forgets to tie it to the dock. Bugs formulates an idea to safely make it back, but it backfires, as Daffy pushes Porky to the ocean to get help, prompting Bugs to help him, while Daffy seemingly drowns, only to find himself in a hospital being cared. In the end, the yacht is sold, restoring Porky’s savings and his life back to order.
