Injured while risking his life to save an angry German shepherd, Chicago Firefighter Jack Moniker retires and moves to a small Caribbean island named St. Nicholas. There, he is befriended by Ernest Reed, the owner of a run-down resort. Greedy developers are scheming to wrest Reed's coveted beachfront property from him for non-payment of taxes. Jack comes to Ernest's rescue, and together they renovate and reopen the resort catering to affluent Americans. The film follows the zany exploits of the proprietors, guests and various colorful island denizens, as they break in the new "Club Paradise".