abstract
| - At the beginning of the episode, Waldo is calling Darla up at the treehouse, and offered to invite her on his yacht. She greatly accepts, but the rest of the Rascals overhear, and the boys eventually change into beach outfits. Later that day, the boys sneak aboard Waldo's yacht, despite that they were uninvited. Trouble awaits when Waldo discovers that a treasure chest filled with gold coins is stolen, and the boys must try to find the thieves. Alfalfa and Spanky follow the suspects into a pub at Smuggler's Cove, and posing as an adult, the boys asked questions to the suspects, but the boys' scheme backfired thanks to their trench coat getting caught into a hook, and revealing the two boys, ending up in a chase. The treasure chest was later recovered, thanks to Pete. In the end, Alfalfa was preparing to kiss Darla assuming he was the hero, but instead Darla embraced Pete, since he was credited for being the true hero.
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