In the gay '90s, cardsharps take over a Mississippi riverboat from a kindly captain. Their first act is to change the showboat into a floating gambling house. A ham actor and his bumbling sidekick try to devise a way to help the captain regain ownership of the vessel.
When police officer Moe Finkelstein and his colleague Officer Salomon are ordered to serve as bodyguards to German consul Karl Baumer by the mayor of New York City, Finkelstein turns in his badge, convinced he has to quit the service because the man is a Nazi.