Like the stage show, this Technicolored shindig, which laughingly pretends to be a biography of the famous swimmer, Annette Kellerman, is a luxuriance of razzle-dazzle that includes Hippodrome acts, water ballets, bathing suit shows, diving performances, low comedy, anachronisms and clichés. It also includes an abundance of Miss Williams and Victor Mature, but it does not include the felicities of a reasonably fascinating script.