Flipper finds money underwater and presents some of the bills to Bud. Flipper shows Bud where it came from and they collect more from the underwater wreck.
Like the heroes he sees on TV, Bud tries to rescue a damsel in distress, but fails to tell Porter or Sandy of his intentions, and suddenly finds himself caught in a dangerous rip.
Bud and Sandy, on a trip with Hap Gorman to his secret fishing grounds, board an abandoned boat, not knowing that a hidden charge of dynamite is about to blow it to pieces.
