Chilly Willy learns about the rich winners table at the Antartcic Games. He never qualified officially, but sneaks in and wins three consecutive events. Meanwhile an overzealous security guard keeps catching Willy, at great peril especially for himself, just after the medals ceremony.
Both Wally's nephew Willy Walrus and Woody's rascals Knotheada and Splinter are dead-set on the latest SciFi must have-toy, a Zach Zobar action figure with laser. Alas only one is in stock, so the rivaling uncles turn the mall into an obstacle course/ war zone while each tries to get it and sabotages the other.
Chilly Willy is robbing supplies from an Arctic military storehouse, which is guarded by a mean bulldog. Polar bear Smedley wants his share, but keeps getting caught and bitten by the dog, who is only appeased when sleeping on a live bear-rug.
Smedley is a famous dog trainer. Chilly would like to get the reward treats, but finds impersonating a dog is harder for a penguin then sabotaging a chihuahua. Smedley tries to train his pet to guard against penguins. The press's arrival and a hidden talent changes everything.
During a visit to Peckingham castle, Winnie learns there is a vacancy at the royal court. She becomes kitchen hand to chef Wally Walrus, to help him prepare his famous toffee. Although Winnie messes up the whole palace kitchen, rude Wally ends up the butt of the joke.
Woody has mail-ordered a divining wand, to search for oil. Instead of gushers, the thing points at most inconvenient places on Wall Walrus's property. When it points elsewhere, they both follow it, competitively, with even worse results.
Woody spends a holiday in Bavaria. there he accepts a fat knave's offer, free lodgings in his castle packed with toys if he entertains the rascal, but finds that hard and danger labor. Woody escapes, meets the next-door female castle-host with similar terms, then has a brilliant idea.