Mr. Magoo and Waldo are on a cruise aboard an ocean liner when the near-sighted MaGoo accidentally falls into the ship's swimming pool and thinks he has fallen overboard. When he tries to rescue one of the swimmers, the ship's captain jumps in and rescues Magoo. The grateful---and talkative---MaGoo informs the ship's captain that he will inform the ship's captain of his good deed and, when last seen, MaGoo is heading in the direction of the swimming pool.

The near-sighted Mr. Magoo, further lost than usual, mistakes a bullring in Mexico for a highway in the United States, and his myopic wanderings through the arena cause much havoc, and draws very few cheers, especially from the bull.

The nearsighted Mr. Magoo sets out for a round of golf but catches the prison paddy wagon instead of the city bus and winds up in prison breaking rocks. He complains to the warden, who he mistakes for the grounds keeper, about the conditions of the golf course, and the warden boots him out.

It's the Fourth of July and Mr. Magoo is ready to kick it off safely and sanely forbidding Waldo to set off any firecrackers. Instead, he opts to celebrate by planting flowers in his garden. Unfortunately, he goes to a fireworks stand instead of a flower stand and purchases some fireworks thinking them to be flowers. He even plants them in his garden, no less! Of course, they are eventually set off with a series of explosions, Waldo panicking the whole time. After the fiasco, Magoo decides to soothe Waldo's panic by letting him set off one firecracker after which Waldo is sent to a jail by a policeman who accuses him of starting the fireworks catastrophe.

The near-sighted Mr. Magoo, on his way to make a bank deposit, boards a race-track bound bus instead. Mistaking the betting windows for tellerwindows, he keeps making and winning bets on long shots. The track finally tosses him out with his bag of winnings, which Magoo thinks was the result of compound interest growth.

The near-sighted Mr. Magoo somehow or another is a nugget-happy prospector out west. In addition to mistaking a gold rock for a rain cloud, he meets an old prospect and accuses him of claim-jumping. Together, they actually discover gold.

Mr. Maggo tries to hunt a moose.

Mr. Magoo and Waldo are on a cruise aboard an ocean liner when the near-sighted MaGoo accidentally falls into the ship's swimming pool and thinks he has fallen overboard. When he tries to rescue one of the swimmers, the ship's captain jumps in and rescues Magoo. The grateful---and talkative---MaGoo informs the ship's captain that he will inform the ship's captain of his good deed and, when last seen, MaGoo is heading in the direction of the swimming pool.