Plot:
A flamenco guitar with bad pop lyrics about the evils of money assault us. As the credits roll, beach party music video fu ensues. A boat of teenagers heads to sea.
Elsewhere, Mr. Wellington owner of a giant makeup company learns that a group of teenagers are on a treasure hunt on an island that Wellington has been searching for something important, the MacGuffin. The teens must be run of. Jr, (Jayne Mansfield) and Irving will take care of the pesky teens and protect Project X.
1960s seizures ensues. Sorry, my bad, it is dancing. Irving spies on the teens that have just landed.
At Wellington cosmetics, Wellington summons his number 2 man; Herman (Irving’s twin brother) Herman has to test the company’s lipstick by swapping spit with numerous hot chicks. Wellington wants Herman to keep Camilla Salamander from learning of Project X: the Fountain of Youth.
Elsewhere, Camilla is doing a fake commercial about the fountain of youth and learns of the teens on the island.
Back on the island, the teens are necking as the typical crappy music video montage ensues. Dodo, the wacky odious comedic sidekick, attacks with the subtlety of a 500 megaton nuclear warhead.
Jayne lands the plane on the island.
Dodo heads off to fish as a pseudo-Frankie Avalon anthem ensues. The wacky Dodo meets a mermaid.
Irving and Jayne professes their love. He explains how his brother, Herman, has been pining for his lost love all his life…
Herman sneaks off to see Camilla Salamander. Swappin’ spit.. I just don’t have that strong a stomach to see Phyllis Diller in a passionate embrace…Music assaults us about the ugliness of Phyllis Diller. Her masochistic Hindu watches on in disgust.
Irving tells Jayne about the lost love. While it is intercut with Herman and Camilla Salamander who want to find the Fountain of Youth. Apparently, they made some sort of vow not to bump uglies until they rule the world.
Dodo finds the mermaid.
Irving and Jayne discuss their relationship. Her father thinks he’s totally incompetent and worthless. I can’t disagree with such an accurate description.
Wellington handles the typical business also calling Irving which Herman eavesdrops on. Wellington wants Irving to uncover what the teens are after.
Irving heads undercover. Yes, he manages to dress slovenly enough and fools the teens into accepting his as one of their own. Jayne watches from afar. Bad beach dancing assaults us. It’s the Turtle!!! Gyrating hips ensue…
Wellington and Herman discuss the fountain of youth. This needs to be handled by more than just Irving and Jayne. Wellington decides to handle it himself.
The teens tell Irving they are looking for a Spanish galleon. Frankie, the lead teen, doesn’t trust Irving.
Camilla Salamander and Herman are together again. He has a lead on the true location of the fountain of youth.
The teens start digging another hole to another song that makes the Mamas and the Papas sound like Finnish death metal.
Jayne grabs a shotgun and decides to have Irving confront her father so they can finally be married.
Wellington takes his yacht to sea to the island.
Lonely Dodo song assaults us about his mermaid. He starts hearing a siren calling him to sea.
Camilla Salamander and Herman head to Wellington’s headquarters where the secret is hidden.
The teens find Dodo’s swimming trunks and completely ignore something must have happened to him when they realize they had been digging in the wrong spot. They learn the galleon was moved to the city garden. The teens head back to the mainland.
Wild Ones sing. They make the Beach Boys sound like Slayer without the joy will and love. Teen hi-jinks ensue.
Wellington reaches the island. Suddenly, bad Sam Spade, Jimmy Cagney, Humphrey Bogart, and Edward G. Robinson impersonations ensue. He will take the island no matter the cost.
Herman has Camilla Salamander disguise herself to sneak into Wellington’s headquarters.
Jayne leaves Irving at the city gardens when she goes to talk to her father.
The teens spot Irving at the city garden. Most of them decide to call the treasure hunt off.
Herman and Camilla Salamander use the computer to collate all the fountain of youth research. Apparently, the fountain of youth isn’t a liquid but a rose. Jayne walks in and finds them.
Elsewhere, Irving finds the rose.
Herman and Camilla Salamander tie Jayne up and plan to blow up the building use the air conditioning system to cover their tracks.
Frankie and Nanette are ready.
Herman and Camilla head to the garden to find the rose.
Frankie and Nanette are going to jump into the lake and drown.
Jayne is saved by Camilla Salamander’s Hindu Kali worshipping servant.
Herman and Camilla Salamander are still searching for the rose.
Frankie and Nanette assault us with another song how their love can only be parted by death.
Herman and Camilla Salamander find a rose and devour it.
Jayne reaches the garden and finds Irving. They go to where he found a rose.
Herman and Camilla Salamander have reverted to infancy.
Jayne hands the rose to Frankie and Nanette who immediately turn into Ponce De Leon and his wife.
Wellington is still heading to the island as the marines theme plays.
The end credits promised 3 sequels.
Return of the Fat Spy
Son of the Fat Spy
Bride of the Fat Spy