Doggie Daddy sees that Augie's room is a mess and goes to look for him and tell him to clean it up. He sees Augie outside and Augie has a new friend. It's a pirate parrot named Captain Plasma. They are going to search for buried treasure.
Doggie Daddy consults a book and finds out that Augie is searching for the treasure to make his Dad happy. Doggie Daddy is happy at first until Augie and his friend start digging in the flower bed. Doggie Daddy tells him to stop and Augie says that they will go to Treasure Island to dig and Doggie Daddy says that he would rather they stay around the house, even if they have to dig in the flower bed.
Doggie Daddy plans to play the part of a pirate to stop them from digging up the yard and Captain Plasma puts him through several tests. The last one has Doggie Daddy riding a mock up of a boat and he rolls down the hill and into the ocean where he gets blasted by the Navy.
Doggie Daddy returns home to find that Augie and Captain Plasma have found a treasure. Unfortunately, it's Confederate money and they use it to wallpaper Augie's room.