Five men, disappointed with their current wives, take off on Christmas Eve night on a sailing adventure to the Philippines to look for new wives. They encounter pirates, a storm at sea, and befriend one of the FBI's most wanted men. Meanwhile, the wives who have been left behind start a new business, slim down, and find new husbands of their own. In the end, the men take a Caribbean cruise and find, to their surprise, their first wives with new husbands.

Five men, disappointed with their current wives, take off on Christmas Eve night on a sailing adventure to the Philippines to look for new wives. They encounter pirates, a storm at sea, and befriend one of the FBI's most wanted men. Meanwhile, the wives who have been left behind start a new business, slim down, and find new husbands of their own. In the end, the men take a Caribbean cruise and find, to their surprise, their first wives with new husbands.