Fed up with all the attention going to Bugs Bunny, Daffy Duck quits Hollywood, teams up with recently-fired stuntman Damien Drake Jr. and embarks on a round-the-world adventure, along with Bugs and The VP of Warner Bros. Their mission? Find Damien's father, and the missing blue diamond... and stay one step ahead of The Acme Corp., who wants the diamond for their own purposes.

Narrowly escaping death, outlaw Johnny Madrid goes on the run with the hangman's sensuous daughter Esmeralda by his side.