Baloo and Louie encounter a ghost that's been in the basement of Louie's restaurant. When they return to Higher for Hire, Becky believes the story is a cover for why Baloo didn't return with the cargo sooner. To make matters worst, Baloo forgot the cargo back at Louie's so they have to return. The two are reluctant to go, so Becky accompanies them. Upon arrival, they find nothing but the place looking like a mess. They're also greeted by a man named Captain Stansbury, who Becky takes a charm to. When they find the Sea Duck won't start, they're forced to spend the night. But during the night, they find that Captain Stansbury isn't who they think he is.

Becky decides to only charter to a higher class clientele. In order to place her ad, she cashes in Higher For Hire's insurance policy. However, when the clients start asking her if they're insured, she tells them they have 'Collateral Insurance.' When they take off they get the deed to the Sea Duck until the plane, and it's cargo, reaches it's destination safely. If it doesn't, they get to keep the plane. The first customers want to transport a bag full of jewels to their family compound at Hyena's Port. Becky takes the job, but Baloo begins to suspect their appearance may be a front for something else.

Baloo is pouting that he's never had a parade in his honor. When asked what he's ever done to earn a parade, Baloo remembers his journey to find Panda-la, city beyond the last horizon. No one believes him and Baloo becomes determined to find it and earn his parade. After weeks of searching, Baloo gives up. But before he can turn back for home he's caught in a whirlwind and grounded. He starts searching for help and finds a large, beautiful city. It's Panda-la, and the natives honor him upon his arrival. They fix his plane and give him gifts for his return home. When Baloo arrives back at Cape Suzette, he's greeted by everyone and a celebration is underway. But the festivities barely get planned when the entire city of Panda-la is upon them: in the air. With enough fire-power to down Cape Suzette's entire army and defenses, it's up to Baloo to save the day.

Baloo asks Becky for his paycheck a day early. When she refuses, Baloo has a trick up his sleeve. He asks a local radio personality to say on the air Friday that it's Saturday. He then goes to Becky's apartment and changes all calenders to Saturday. And the cherry on top, a doctored paper that has Saturday for the date. When Becky awakens, she's convinced it's Saturday and Baloo is ready to collect his paycheck. But his plan soon backfires when Becky scolds him for forgetting his Friday deliveries and docks his pay until their done. The cargo is to be delivered to Thembria, where Spigot and Dunder are (illegally) listening to the radio. When they hear it's Saturday, they inform the High Marshall that they need to change it to tomorrow, and then inform the citizens that denial it's Saturday results in death. This only leads to disaster for Baloo and Becky when they arrive and a fight for their lives.

Douglas Benson cannot get everyone to stop laughing at him, except Shere Kahn who is unimpressed with all his investment ideas. When a friend takes Benson out to Louie's to forget his problems, Benson makes Louie and offer to buy his place. Louie refuses and once again Benson's the butt of all the jokes. Benson does some research, finding that Louie's deed is only good as long as he's still on the island when the previous lease expires. He then forges Kahn's signature on a document that allows Kahn's Elite Pilot Squad to force Louie off his island. No one wants to stand against Kahn's force, so it all comes down to Louie, Baloo and Kit to aid in Louie's Last Stand.

With his High School reunion coming up, Baloo anticipates the arrival of his invitation. When none comes, he asks Louie where his invitation is. Turns out Baloo never graduated from Grade School. He decides to enroll in classes with Kit. This way he can graduate and still attend the reunion. However, along with school, he still has to make his deliveries for Higher for Hire. When this doesn't work out, the principal threatens to expel Baloo, he's allowed one last chance by taking an equivalency test. With Kit helping him, they attempt to make the impossible possible.

Louie and Baloo are going to Macadamia to drop off cargo and pick up some Macadamia nuts. But the cities economy had dropped since their last visit. When they went to the king to collect their payment and nuts, they're turned away. When they protest, a Chancellor Trample comes and tells them that they cannot afford to pay them. When Baloo and Louie investigate, they find that the chancellor is intentionally running the economy into the ground in hopes the absent-minded king will force princess Lotta L'Amour to marry him. With their income and cargo still needed, and now the help of the princess, Baloo and Louie decide to stay and help prove the chancellor is cheating the royal family.