Kicks Carter is a streetwise policeman whose beat is Las Vegas. A crime gang is running guns, selling drugs, loan-sharking, and running a prostitution ring out of an upscale hotel in the city and Kicks is trying to put them out of business. But the interference of a woman reporter is making his job more difficult.
Sisters Myra and Ellie have finally had enough of their miserable, dead-end lives. When their stepfather Charley (the titular "Bonnie" being long dead) tried to rape Myra, Ellie ventilates him with a shotgun, and the pair run off to their wealthy uncle's mansion in El Paso. From that point on, the two undergo a transformation in their personalities, and start to enjoy living their lives on the wild side.
After the fall of the Philippines in World War II, the Japanese discover that Gen. MacArthur ordered millions of dollars in silver dumped in Manila Bay in order that it not fall into enemy hands. Among the prisoners the Japanese have taken are two American U.S. Navy deep-sea divers, whom they then force to dive in search of the sunken treasure.