Daffy and Speedy both enter a yacht race. Speedy uses a bathtub; Daffy pulls the plug. Speedy comes back with a small raft; Daffy drops his anchor on the raft and sinks it. Speedy uses a helium balloon to drop onto Daffy’s boat and suggests they work together. Daffy refuses; Speedy hides in the firehose, which Daffy chops to bits. Speedy turns on the water and washes Daffy into the sea. Daffy ties an anvil to Speedy and throws it overboard, but Speedy has tied Daffy to it. Speedy bashes Daffy, stuck in a porthole, with a baseball bat until he agrees to split the winnings 50-50 and work together. “Together” turns out to be Daffy swimming behind and pushing and speeding up when a shark shows up.