Navy Commander Alan Roberts is assigned to lead an expedition to Little America in Antarctica to investigate reports of a mysterious warm water inland lake discovered a decade earlier. His helicopter and its small party, including reporter Maggie Hathaway, is forced down into a volcanic crater by a fierce storm. They find themselves trapped in a lush tropical environment that has survived from prehistoric times.

American engineer Steve Corey comes to Mexico to work at one of the mining projects owned by Katherine Beckman and her half-brother Paul. He meets Katherine, and the man he is replacing, Bill Maxton, tells him that Katherine is his for the asking..."all you have to do is touch her---she goes off like fireworks. There were plenty of guys before me, and there'll be plenty after me." Steve finds Katherine as advertised but he falls in love with her. Once he sees that the romance is for real, brother Paul is more than a little displeased at this turn of events and brings back one of Katherine's earlier flames, Gus Cole, to tempt Katherine away from Steve.

Ten screenwriters collaborated on this series of tales concerning the effect a tailcoat cursed by its tailor has on those who wear it. The video release features a W.C. Fields segment not included in the original theatrical release.