The premise of this cartoon is Ignatz the mouse is beaned by Krazy Kat with a brick as a sign of love. Krazy Kat loves Ignatz Mouse. Officer Pup loves Krazy Kat.

Charles Laughton plays Kidd, a merchant captain who cons the King of England into allowing him to take to the sea to recover a lost treasure and escort a ship back to London. An old fellow conspirator who he thought dead (John Carradine) and a mysterious young man (Randolph Scott) manage to get on board and cause problems for Kidd.