Tom and Jerry are on a raft sailing towards an island in search of treasure. Tom traps Jerry and decides to jump into the freezing water to retrieve the treasure. However, Jerry has earned the friendship of a baby swordfish that saves him and defeats Tom. Near the end of the episode, the mother swordfish appears and scares away Tom. They retrieve the chest back onto the raft, but Tom doesn't get any gold and it turn out the treasure is full of cheese made in 1879.
- This is the last Tom and Jerry Tales episode to be released in 2006.