Stowing away after a failed con, a pair of swindlers end up on El Dorado, the fabled "city of gold", where they quickly get in over their heads when they are mistaken as gods by the inhabitants.

The Spaniards didn't find El Dorado, but they did find Lake Guatavita and tried to drain it in 1545. They lowered its level enough to find hundreds of pieces of gold along the lake's edge.