Young Jim Hawkins is caught up with the pirate Long John Silver in search of the buried treasure of the buccaneer Captain Flint, in this adaptation of the classic novel by Robert Louis Stevenson.

The small state of Freedonia is in a financial mess, borrowing a huge sum of cash from wealthy widow Mrs. Teasdale. She insists on replacing the current president with crazy Rufus T. Firefly and mayhem erupts. To make matters worse, the neighboring state sends inept spies Chicolini and Pinky to obtain top secret information, creating even more chaos!