Bud Abbot and Lou Costello heat up the arctic freeze when they save a man from drowning and almost wind up getting "iced" themselves. Their crazy escapades take them deep into the Yukon where they discover the man they saved from drowning is not only worth a mint but is also the target of just about every hit man in the territory! When ex-sheriff "Nugget" Joe McDermott (Tom Ewell) tries to drown himself, firemen Bud and Lou rescue him from a watery grave. Joe enlists their help in winning the love of a dance hall gel named Rosette, who is the source of his woe. Meanwhile, it seems that just about everybody in town has beef with Joe and they won't rest until they gun him down. To add to the madness, Rosette's casino boss has devised a plan to make her marry Joe, then kill him off, marry Rosette and take the fortune.

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