- While Mary Ann, Ginger and the Skipper find the S.S. Minnow's inflatable liferaft in the lagoon, Gilligan and Mr. Howell discover gold in an underground mine on the island.
- Mr. Howell (Jim Backus) has Gilligan (Bob Denver) act as his caddy as he plays golf on the island, but Gilligan stumbles into a cavern that turns out to have gold in it. Gilligan can't wait to tell everyone as per their agreement to share all the island's resources, but Mr. Howell convinces him it's in everyone's best interests to keep it a secret. Meanwhile, Ginger (Tina Louise) and Mary Ann (Dawn Wells) try catching fish for dinner and catch something big the Skipper (Alan Hale Jr) helps them reel in out of the lagoon. It turns out to be the lost life raft from the S.S. Minnow, and the Skipper and the Professor (Russell Johnson) rush to repair it to leave the island. They both realize that Mr. Howell is not in a hurry to leave the island and that he and Mrs. Howell (Natalie Schafer) are acting especially considerate to Gilligan who has been working every night mining the cave for Mr. Howell. Suspicious as to why Gilligan has been so tired, the Castaways follow Gilligan one night to the cave and discover the gold on the island. They all stake their own claims in it only to realize that the Howells have mined it out. They return their commitment back to the raft, but the men end up charging the Howells for the use of the tools and necessities and the girls charge them for their dinners. Even Mary Ann charges Gilligan his gold for a coconut cream pie. Once the raft is fixed, the Professor and Skipper realize they can't take their gold with them as the added weight will capsize the raft. The following morning as they set sail to leave the island, Mr. Howell brings along his handmade golf bag as a memento, Mrs. Howell brings her huge bamboo handbag to show her friends, Mary Ann brings along a box of guava jelly, Ginger brings her diary of events from the island and the Professor carries on a sack of botanical specimens. Barely a hundred feet out, the raft ruptures and starts sinking; everyone trying to cling to their possessions before struggling to save their lives and swimming back to shore. Gilligan is incredulous that the raft still sank without the gold, but then the Skipper confesses he thought one bag wouldn't make a difference, everyone after him also confessing to sneaking their gold onto the raft. With their gold lost at the bottom of the lagoon pinning the raft down for eternity, they huddle together that night by the campfire embarrassed and crestfallen, promising to never be selfish again. Gilligan meanwhile finds a pearl from an oyster, claiming there were hundreds of oysters in the cove where he found his. Everyone dashes off to get their own as Gilligan secretly laughs knowingly that he found the only four oysters that were in the cove.
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