The staff of a record factory drown their sorrows at Duffy's Tavern, while the company owner faces threats of bankruptcy.

Having to leave Melbourne in a hurry to avoid various marriage proposals, two song-and-dance men sign on for work as divers. This takes them to an idyllic island on the way to Bali where they vie with each other for the favours of Princess Lala. The hazardous dive produces a chest of priceless jewels which arouses the less romantic interest of some shady locals.

Two former nightclub partners are now enlisted in the Army. Sergeant Puccinelli ranks above his former partner, Private First Class Korwin. Puccinelli is desperately trying to get transferred from his dull job to active duty overseas. Meanwhile, all Korwin wants is a pass to see his wife and new baby.

Jarring Jack Jackson, the greatest football player in Ridgefield College history, is disappointed that his only son Junior is an uncoordinated, allergy-ridden bookworm. He uses his athletic reputation and standing as #1 alumni contributor to pressure the coach to take Junior on the team. In addition, he pays the tuition of Junior's financially needy classmate Bill Baker, a potential all-American, with the understanding that he will room with Junior and mentor him athletically and socially. Junior's initial efforts as quarterback prove disastrous and further complications arise when the room mates both fall in love with the same co-ed. Plot complications become critical as the climactic homecoming game approaches.

In this sequel film, all the characters remain the same; Al is still unemployed, Jane still has show-biz aspirations for boyfriend Steve; Steve and Seymour are still partners, and Irma is still Irma, which isn't all that easy. Al gets Steve a singing job on television, which is seen by a Hollywood producer. He signs Steve to a long term movie contract, and all hands depart for Hollywood. But, alas, the producer turns out to be an escaped lunatic, and they end up in Las Vegas, where Irma manages to get kidnapped by gangsters, who are very unhappy with Irma.