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Eddie (Ken Osmond) is in line for a "dream job" spending the summer in Alaska on a fishing boat. As Eddie basks in his good luck, Wally (Tony Dow) and Lumpy (Frank Bank) begin to feel jealous. The situation changes drastically when Eddie shows up for his interview with crusty Captain Drake (Harry Harvey Sr.), who informs the boy in no uncertain terms of the amount of hard work and deprivation that lies ahead of him.