Having to leave Melbourne in a hurry to avoid various marriage proposals, two song-and-dance men sign on for work as divers. This takes them to an idyllic island on the way to Bali where they vie with each other for the favours of Princess Lala. The hazardous dive produces a chest of priceless jewels which arouses the less romantic interest of some shady locals.

A group of communist spies plan to blow up an essential commercial artery, the Panama Canal. To this end, they have kidnapped a nuclear scientist and are traveling by steamship to the coast of South America. Luckily for western civilization, the hard-nosed ship's captain, played by Barton MacLane, has other ideas.

1944 film by Roy William Neill