At the top of the beanstalk, Popeye enters a giant's castle and attempts to rescue Olive who is stuck to a harp. Giant Bluto enters the room then captures Popeye and Olive in a frying pan, but drops them when his magic goose lays another golden egg. After the goose is done Bluto throws Popeye out the window. Popeye then eats some spinach to take down Bluto, rescue Olive and fly away on the goose. Back on the ground Popeye, Olive and Wimpy have all the gold eggs they could ever want.