In the tundra, Timon and Pumbaa search for gold. While Pumbaa digs around in the snow, Timon plans on the luxuries he wants to spend the gold on. Pumbaa asks him why he isn't splitting up the work 50-50 the same way they will share the loot. The meerkat draws a line in the snow, saying that they will keep whatever is found on their side. Pumbaa retrieves a gigantic chunk of gold from the ground but the only thing Timon finds is a bottle cap. As Timon gives his friend the cold shoulder, a man watches them desiring the gold.
At a hot chocolate bar, Pumbaa is down that his friend doesn't want to have anything to do with him and resorts to standing outside in the cold. The man from earlier, who's name is Cusco Quint, sets his ruse into motion and tells the meerkat that he ought to steal the hog's gold.
Timon puts on a show in the bar to distract Pumbaa while Quint nabs the large rare metal. After a long opening speech, Timon plays one note and rushes offstage to get the gold from Quint. The prospector leaves a large bag with the meerkat, making him believe that the gold is inside. Pumbaa wants to talk to his pal but is curious about the contents of the bag. He opens it and sees nothing, much to Timon's dismay. After realizing he was fooled, they chase after the thief.
Thinking he is getting away, Quint rides off on a dog sled. Close behind, the animals gain on him, but when Quint jumps a gap, they plummet to the snow banks below. They keep trying to follow him across an icy ocean but Quint breaks the ice and attaches a motor to the ice they are standing on. They float away rapidly and are stranded in the middle of the ocean. Though they feel hopeless, a millionaire in a submarine admires the rare bottlecap that Timon unearthed earlier that day and offers much money for it. Ignoring the promise they had just made to each other to not let money come between them, Timon and Pumbaa fight over who found the cap and who gets the money.
The episode title is a pun on "You Can Con."
This marks the first time Kevin Schon voices Timon in an episode of the series.
Nathan Lane and Kevin Schon share Timon's voice in this episode during the character's lines.