Tommy Layton (Robert Paige), a wealthy bachelor, rents a city bus to take him from Chicago to Los Angeles. Once there he intends to participate in a yacht race to Hawaii. The bus drivers, Algy (Bud Abbott) and Wellington (Lou Costello), are chased by a detective (William Demarest) hired by the bus company. They escape capture by driving the bus off a fishing pier. Layton, who is now on his yacht, rescues them and hires them as his crew for the race. A competitor of his in the race, Joan Marshall (Virginia Bruce) has fired his original crew without his knowledge. He enacts revenge by kidnapping her and taking her along on the race.