Alaska is celebrating statehood! Red Skelton invites Ricky Ricardo to appear on his television show that is being filmed in the new state. The entire gang comes along and take a look at a recent Alaskan land investment by Ricky & Fred. Unfortunately, accomadations are scarce and the foursome must share a room, with Lucy spending the night on a troublesome hammock. The following morning, Lucy lucks out and lands an appearance on the TV show with Red in a Freddy the Freeloader sketch. Clever Lucy begins to believe she can pawn off the bad land investment on Red, and the two head out to take a look. Ultimately stranded, the two redheads trade land for airfare, but on the way back, Lucy and Red end up having to pilot the plane to safety.
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