The Buccaneers
This Our Gang short has the group playing pirates and building a ship to sail in. Once the ship hits water it sinks but they end up on another boat when the dog unties the rope and the kids head off to sea where they must be rescued by the Navy.
Directors: Mark Goldaine, Robert F. McGowan
Writers: H.M. Walker, Hal Roach
Cast
IMDB: tt0014749