The narrator tells Donald the story of Pablo the penguin, who dreamed of moving to a warmer climate. After several false attempts, he makes a boat out of a chunk of ice. All goes well, until he crosses the equator and his boat starts to melt, but he's able to make due with the bathtub he brought along.
A brave gaucho lad arms himself with a knife and bolo. He leaves the floor of the pampas and climbs into the mountains looking for prey. In a nest he discovers a flying burro. He captures it and, after several close calls, tames the creature, and he takes it back to town where he enters the burro, with himself on its back, in a horse race. If they win, it means a prize of 1,000...