Popeye skates over to Olive's house to give her a Christmas present: ice skates of her own. While he's teaching her, Bluto skates up and gets fresh; of course, Popeye fights him. When Olive rejects Bluto again, he sends her careening on an ice floe towards a waterfall.
A wolf, deprived of meat by war rationing and starving, sees an article in the newspaper about a sheepdog leaving his flock to join the army and thinks it will be easy pickings. However, if he had read the rest of the article, he would know that the flock is now guarded by the ram Killer Diller, a most formidable foe.
To get his hands on a valuable pod of whales, a 17th-century European daredevil in Newfoundland foolishly attempts to release the powers of the mythical North Wind, who was trapped in a pot thanks to a shared effort by Basque sailors and Mi'kmaq Indians. Now, the descendant of those Indian, Watuna, and the descendants of those Basque sailors, Ane and Peiot, must defeat the evil Athanasius before he achieve his purpose.
Due to the great depression, property prices start falling. The planet Earth goes up for sale. Mars and Venus make bids, but Saturn, characterised as an old Jew, makes a lower but winning bid. Then just to see what happens, he removes the earth's magnet, and gravity disappears.
City dweller Egghead dreams of being a cowboy, but his bouncing around gets him kicked out of his boarding house. He sees an ad for a ranch looking for a cowboy and applies. His tryout includes tests of marksmanship and use of a branding iron, but most of it consist of chasing down and roping a troublesome little calf. He passes the test, but the job isn't exactly what he dreamed of.