Before Ghoul Fools
At the Krusty Krab, it is a very slow day with no customers. Mr. Krabs hears SpongeBob shout "Eight gold doubloons! I'm rich!" Upon hearing this, he jumps over to SpongeBob to take the coins for himself. SpongeBob explains to him that he and Patrick are merely playing a board game called "The Flying Dutchman's Treasure Hunt", which is based on a real treasure map. Mr. Krabs sits down to play with them, and wins the game. He instantly becomes addicted, and continues to play with them, winning 17 times in a row. They play until late at night, when SpongeBob gets tired and wants to go to bed. Despite Mr. Krabs attempts to persuade him to stay and play more, SpongeBob goes home to get some sleep, much to Mr. Krabs's disappointment.
The following morning, SpongeBob wakes up to see Mr. Krabs in a pirate ship outside his house. Mr. Krabs tells him that they are going to be real pirates and go on areal treasure hunt, and SpongeBob and Patrick eagerly join him. However, the two struggle to learn how to act like "real" pirates, and end up causing the boat to crash. The trio are forced to continue on foot, following instructions from the map, read by Mr. Krabs, who also tells them that they're not allowed to look at the map. Eventually, the map tells them to go 10,000 paces East, and Mr. Krabs asks Patrick which way is East. He looks at a compass, and points West. After walking 10,000 paces West, they realize that they have taken the wrong direction, and begin walking back.
After going around 20,000 paces East, they are exhausted, and set up a camp to stay for the night. While trying to fall asleep, SpongeBob and Patrick get excited and decide to look at the map. When they open it, they realize that it is actually their board game taped to a piece of paper. Mr. Krabs catches them, and they beg for mercy outside. However, his anger is forgotten when they realize that they are directly on top of the "X" that marks the spot, and start digging. (SpongeBob and Patrick use their hands to dig instead of shovels) They find the treasure, and SpongeBob and Patrick ask each other what they will do with their shares. Upon hearing this, Mr. Krabs says that, he being the captain, all of the treasure belongs to him. They begin fighting over the chest, and their arguing wakes up The Flying Dutchman, who appears and congratulates SpongeBob and Patrick for saving him "a lot of digging". He takes the treasure, but gives them two gold coins. Mr. Krabs asks for a reward, but only receives a tiny plastic treasure chest, which the Dutchman explains is "based on a real treasure chest!" as he disappears, laughing maniacally.
- This episode is featured on the Fear of a Krabby Patty and Ghouls_Fools DVD
- The scene where Fred says, "Rev up those fryers! Cause I am sure hungry for one... Help! HELP!!! MY LEG!!!" has become a popular Internet meme, mostly for the parts when he says, "Rev up those fryers!" and, "MY LEG!!!"
- This is the 7th time Fred says "MY LEG!!!"
- When SpongeBob wakes up the next morning, he is wearing just his underwear, but after he talks to Mr. Krabs, he has pants on.
- This is the first time Mr. Krabs, Patrick, and SpongeBob hunt for treasure.
- This episode won the letter "X" in the Atlantis SquarePantis marathon.
- 5th time Squidward doesn't appear.
- Aargh!/Rock Bottom is the first set of episodes where Squidward appears in neither; the only set from Season 1. Others will be Survival Of The Idiots/Dumped, No Free Rides/I'm Your Biggest Fanatic, Mermaid Man & Barnacle Boy III/Squirrel Jokes, Jellyfish Hunter/Fry Cook Games, Krusty Krushers/The Card, Sandcastles In The Sand/Shell Shocked, Back To The Past/Bad Guy Club For Villains & One Coarse Meal/Gary In Love.
- There is a deleted scene where a vision shows Mr. Krabs sitting atop and sniffing a pile of treasure. That scene was cut for unknown reasons.
- This is the first time Patrick "works" at the Krusty Krab, although he was only hired so that he could be fired. Others will be Big Pink Loser, Bummer Vacation, That's No Lady, No Hat For Pat & Restraining SpongeBob.
- This and Rock Bottom have light blue opening credits.
- The game cards of the gameboard are a spoof of the Monopoly game cards.
- TV.com gave this episode a rating of 9.0.
- "My Leg!!" gag: Mr. Krabs throws Fred out of the Krusty Krab.
- The Flying Dutchman is revealed to be greedy in this episode since he only gives SpongeBob and Patrick one dabloon each. In Born Again Krabs, he scolds Mr. Krabs by telling him that "being greedy is a terrible thing."
- In this episode, Mr. Krabs' telescope appears to be black. But in a later episode called F.U.N, his telescope is red.
- In this episode, Mr. Krabs is a pirate, but later in Grandpappy The Pirate, Mr Krabs said that he's never been a pirate before.
- 1st time SpongeBob & Patrick are pirates. 2nd will be Grandpappy the Pirate & 3rd will be The Wreck of The Mauna Loa.
- Same title card music as Shanghaied.
- This is the first time SpongeBob and Patrick dig together. The second will be in Wishing You Well, the third will be for SpongeBob in Chum Caverns and the fourth will be in That Sinking Feeling.
- The tent and the inside of the tent is seen in Lights, Camera, Pants!
- This may be the first time SpongeBob shouted at Mr. Krabs.
- Running Gag: Mr. Krabs being called sweaty.
- When Mr. Krabs looks through his telescope at the beginning of the episode, The Chum Bucket is missing.
- When SpongeBob wakes up to find Mr. Krabs yelling, a bell sound is heard, yet there is no bell on the ship.
- When SpongeBob and Patrick first spot Mr. Krab's map in the tent, there is a compass next to the map. When they go over to touch the map, the compass is gone. It does not reappear.
- When SpongeBob and Patrick are looking over the map, it appears flat as their eyes smoothly go over it. But when they take a closer look, it's their gameboard with lots of pr ops like a tree and sand where the traesure is.