Charley, a research test duck, is accidently showered with radiation during a lab experiment and nonchalantly produces eggs with solid gold yolks. Professor Albert Dooley and his wife Katie proceed to cash in on this newfound bonanza until their scrambled financial escapades arouse the suspicions of Treasury Department personnel.

The beautiful Princess Odette is transformed into a swan by an evil sorcerer's spell (which can only be broken by a vow of everlasting love) and held captive at an enchanted lake. There, she befriends Jean-Bob the frog, Speed the turtle and Puffn the bird. Despite their struggle to keep the princess safe, these good-natured animals can do nothing about the sorcerer's spell.