The Princess and Bona read a book about sharks while eating peaches when the jovial Prince swoops in and snatches all the peaches for himself! The chase leads them into a fantasy world, where, as underwater explorers, they search the seafloor for the lost peaches. They discover the peaches are guarded by the toothy Prince-Shark! The Princess and Bona cleverly sneak past him to grab the peaches, but then find themselves cornered. What now? The Princess offers the Prince-Shark a peach, and to his delight, he becomes friendly, joining the Princess and Bona to enjoy the peaches together.