Riley and Gillis are gathering items for their annual camping vacation together. Except this year, at the last minute, Riley gets an invitation to use a luxury beach house and Gillis is invited to an all-expense paid stay at a Texas Dude Ranch. Now, each have to figure how to get out of their vacation commitment with the other.
Riley and Gillis are purchasing the duplex they're renting as joint-owners but Riley can't find the bonds needed for his down payment. He believes his hid them in his old house in Blue View Terrace, which is currently owned by two sisters. He and Gillis go back to the house and enlist the help of their old friend, Waldo Binny, to recover the bonds
Riley sets out to buy a cheap watch for Gillis but ends up buying an expensive watch and Peg is not happy. He goes back to the jewelry shop to buy an expensive watch for Peg but Gillis thinks it's for Honeybee's birthday. Honeybee ends-up with the watch and now Peg is really upset. So back Riley goes to the Jeweler to buy his 3rd expensive watch.
Millionaire Houston Dodsworth is up from Texas to see Gillis and offer him $5000 for the piece of land they share. Riley botches the deal when he tell Dodsworth that Gillis is a millionaire himself. Gillis is furious, so Riley contacts Dodsworth to rearrange the sale, only now the deal includes Gillis playing in a upcoming polo match.
Hawkins tells Riley and Gillis that he's no longer foreman, their old friend, Otto Schmidlap, is the new foreman. But the secret is, Otto is only temporary foreman while Hawkins is on vacation. Riley and Gillis devise a plan to make Otto look more capable so he will be made their full-time foreman, but the plan takes a wrong turn.
The Honolulu police are questioning Riley about a crime and possible murder. The Riley's and the Gillis' have spent three weeks in Hawaii and are getting ready to return to Los Angeles. But first, they need to buy gifts for friends and family and end-up involved with two con-men who try to scam them.
Riley and Gillis march in the Brooklyn Patriots of Los Angeles parade and get soaked when rains. Riley stays home in bed the following day to prevent catching pneumonia while Peg tends to Babs. When Peg takes Babs to the hospital for delivery, Riley rushes over in his pajamas and is mistaken for a loose patient. Babs delivers a healthy baby boy among all the chaos.