Race-car driver Blaine Striker grows concerned about his younger brother, a student at a medical school on the Caribbean island of St. Heron. General Turner has led a violent coup on this island and may be planning to blow up the school in order to blame the destruction on counterrevolutionaries. Striker infiltrates St. Heron, is captured, stripped to his tighty-whiteys, and electrotortured. He escapes, joins forces with the counterrevolutionaries, and foils a plot to assemble Russian missiles on the island.

The title says it all. There's a mix up involving stolen diamonds which Ernest has (naturally) made into a yo-yo and given to his would be girlfriend, Rene. But Rene wants a man of action, and doesn't think that Ernest fits the bill. After the bad guys come looking for the stolen diamonds and kidnap Rene, all of her fantasies come true as Ernest has to go to Africa to rescue her.