Pink Barker (Arlen) loses his boat and his girl Daisy (Wray) to his bitter rival Schultz (Gleckler), but his fortunes change when an old, dying sailor he rescues at sea tells him about a fortune to be had in pearls. Unfortunately, the pearl beds lie off an island inhabited by cannibals. Barker sails in search of the island with his friend Square Deal (Pallette). Still in love with Pink, Daisy stows away but is soon discovered and forced by her unforgiving ex to work her passage. The cannibals attack Pink’s boat while he is underwater collecting the pearl oysters, forcing him to cut his air line and make for the shore. Unable to remove his cumbersome diving suit he later stumbles into the native village where Square Deal and Daisy are being held, and the islanders mistake him for a god. Schultz and his men, having followed Pink’s boat to the island, capture Pink, Square Deal and Daisy. Square Deal and Daisy are sent as prisoners to his boat, but just as Schultz is about to do away with Pink, his party are attacked by the natives. Pink escapes but Schultz and his men are all killed. Still trapped on the island, Pink puts on his god-like diving suit again and is able to subdue the natives long enough to swim out to the boat where he is reunited with his friends.
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