Popeye's ensemble is rehearsing the opening of the Poet and Peasant Overture (with interpolations of the Popeye theme and "I've Been Working on the Railroad"). Maestro Bluto drops in from next door to conduct and play violin and show Popeye up. Popeye plays horribly until he unlocks the previously unexplored artistic benefits of spinach.
Popeye and Bluto stop by to see Olive and fix her leaky faucet. Popeye does it better, and Bluto gets jealous, so he starts rerouting Olive's plumbing and causing all sorts of leaks.
Popeye skates over to Olive's house to give her a Christmas present: ice skates of her own. While he's teaching her, Bluto skates up and gets fresh; of course, Popeye fights him.
In Judge Wimpy's courtroom, Bluto accuses Popeye of assault and battery; he claims to have been attacked by him on several occasions, without provocation.
Popeye, Olive Oyl and more King Features Syndicate comic strip characters are invited on a cruise hosted by Professor Grimsby, a mad scientist who wants to eliminate laughter from the world.
The Keystone Hotel hosts a very prestigious beauty contest. When the cross-eyed judge presents the first prize to an elderly cleaning woman, angry members of the audience respond by hurling custard pies.
Mona and Carl Johan are having a hard time. They are going to get married, but then Carl Johan is called up to report to the barracks on the wedding night.
Greed, ambition and hunger-for-power drive John Hart, a New-York-City stock-market broker, into crooked dealings and deception, but he doesn't realize that those he ruined will seek vengeance.
Cheyenne joins El Diablo's gang looking for his long time missing wife and daughter. After saving Romero from the gang he returns to get Connie who he now realizes is his daughter.
