Magoo is drawn into a jewel heist plot after two bumbling thieves accidentally lose their stolen prize in a mix-up. Meanwhile, two agents try to retrieve the diamond.
This film provides examples of:
- Animated Credits Opening: The film, naturally enough, uses the animated character for its credits.
- Astonishingly Appropriate Interruption: Happens while the title character is trying to cook a chicken via TV instructions, but thanks to a channel change winds up following an aerobics instructor instead.
- And then again when he drops the chicken on the remote and switches to a show about carpentry. In the next scene Magoo is going to get sandpaper in order to, as the TV show instructs, "sand that sucker down".
- The Capital of Brazil Is Buenos Aires: Quincy Magoo faces off against a monkey in the middle of a high-class party at Rio de Janeiro. He also glides from there to the Iguazu Falls, a Brazilian-Argentinian landmark that's in the Brazilian border in the other side of the country.
- CIA Evil, FBI Good: The agents tracking down the jewel thief are FBI and CIA, and are not above playing tricks on each other. Their collaboration starts with Jurisdiction Friction ("the CIA has no jurisdiction on American soil") and gets worse. The CIA guy tells his colleague to watch for a suspicious individual who needs a haircut, remote-guiding him until he tells him to turn around to face.. a mirror. FBI guy retaliates by placing a bug so CIA guy can listen in. He puts it inside a metal watering can, then slams the side of the can, causing horrible feedback and temporary deafness in CIA guy.
- Expy: Angus the bulldog is one for McBarker from Whats New, Mr. Magoo.
- Faint in Shock: Ortega's bride-to-bee Rosita faints dead away when she sees Magoo sneaking around covered in bubble foam.
- Implausible Boarding Skills: There's a scene where a chase down a mountain combines with a ski event. The good guys and the bad are on skis and snowmobiles andMr. Magoo is on an ironing board? He rides it like a scooter and wins the competition.
- Masquerading As the Unseen: Magoo infiltrates a criminal auction for a stolen gem by impersonating Ortega Peru, the rarely-seen "king of the underworld". One other person at the auction has already met Peru (and Magoo for that matter), but she doesn't expose the ruse.
- Our Lawyers Advised This Trope: In a variation with a dash of Political Correctness Gone Mad, the live-action film featured a disclaimer saying that it was "not intended as an accurate portrayal of blindness or poor eyesight." To which Roger Ebert said: "I think we should stage an international search to find one single person who thinks the film is intended as such a portrayal, and introduce that person to the author of the disclaimer, as they will have a lot in common, including complete detachment from reality." The Nostalgia Critic pointed out the irony that the disclaimer (as it appears on screen) is very small and thus difficult to read.
- Said disclaimer didn't help much in the end: the film was pulled after two weeks due to backlash from blindness advocate groups, before the film could recoup the remaining $9 million from its $30 million budget.
- Photo Doodle Recognition: Mr. Magoo infiltrates an auction for criminals by disguising himself with black hair and a moustache. He is discovered when Austin Cloquet sees a photo of Mr. Magoo in a newspaper and draws in black hair and a moustache on his photo.
- Take a Third Option: Waldo can neither convince Magoo to get some glasses nor just let him drive around without having them, so he replaces the windshield on Magoo's car with a magnifying glass.
- Waldo: If you can't take Muhammad to the Mountain...
- Tattooed Crook: The art thief/seller Austin Cloquet is entertaining criminals from all over the world at his mansion. As they disrobe to go into a pool, the crooks start comparing tattoos. Then they take a look at the Yakuza whose entire body is completely covered in elaborate tattoos.American Crook: Not bad. What do they mean?
Yakuza: Every time I kill a man... I tattoo his portrait on my body.
Russian Crook: What do you do when you run out of room? Stop killing people? [laughs]
- Whatever Happened to the Mouse?: Nick Chinlund's character Bob Morgan is not seen again after chasing Mr. Magoo through the snow, suggesting he froze to death.
- Who's on First?: The bad guy is a Brazilian drug lord by the name of Ortega Peru. This leads to a lot of confused dialogue whenever someone says that Peru is in Brazil.