The Three Stooges are selling fish, and in an effort to do better they decide to cut out the middleman and buy a boat in order to catch their own fish. The boat is a floating junk heap, that is soon sinking, with Curly’s help. Things are not helped when the Stooges find a white flag with a big red dot in the middle, which they start waving in order to attract help — but ends with the U.S. military bombing them, seeing them waving a Japanese flag (this short took place during World War II).