The gang stops in a village for supplies, although they are running dangerously low on money. However, while shopping, they come across interesting merchandise sold by rather questionable pirates- er, I mean, 'high risk traders'. Among their wares is an expensive water bending scroll, which Katara steals to help both herself and Aang learn water bending. To her annoyance, it seems Aang quickly surpasses her in the skill, and her jealousy begins to take control. Meanwhile, Iroh goes shopping for his missing Pai Sho piece, and Zuko catches wind that the pirates are after a familiar sounding trio, and so they join forces.
- Batman Gambit: Sokka pulls a brilliant one when he tells the pirates that Aang is the Avatar and the Fire Lord would pay them handsomely if they handed Aang over to him personally. As expected, this turns Zuko and the pirates against each other, allowing the trio to escape.
- Big Damn Heroes: Appa swoops in at the last second to save the trio from the waterfall.
- Breather Episode: A plot-significant episode which provides a break from the previous two-parter, especially with the darker "Jet" to follow.
- Butt-Monkey: While Aang and Katara practice water-bending, Sokka gets to brush Appa's toes. And then he gets splashed by Aang's waterbending.
- Catch a Falling Star: Appa catching the heroes falling from the waterfall.
- Chase Scene: After Katara steals the scroll, the pirates chase the trio through the market.
- Chekhov's Boomerang:
- Aang's bison whistle.
- The horn Iroh buys.
- Crisis Makes Perfect: Katara struggles to perform the Water Whip move but when she is attacked by a pirate later, she executes it perfectly which sends the attacker overboard.
- Fruit Cart: The Cabbage Merchant's cart is once again a victim of a chase scene when Aang throws it at the pirates.
- Funny Background Event: Iroh imitating the weird grin of the monkey statue while Zuko is first talking to the pirates.
- Ice-Cream Koan: SubvertedGeneral Iroh: Are you so busy fighting, you cannot see your own ship has set sail?!
Prince Zuko: We have no time for your proverbs, uncle!
General Iroh: It's no proverb!
[Zuko and the pirate captain see the trio sailing away in the pirate ship.]
General Iroh: Maybe it should be a proverb...
- Inescapable Net: The pirates easily capture Aang with a net. Justified as the blast of air he tries to divert it with just passes through.
- Inevitable Waterfall: The reason our heroes don't get to keep the boat.
- Insistent Terminology: They're not pirates, they're "high risk traders."
- Instant Expert: To Katara's annoyance, Aang masters Waterbending very quickly.
- Ironic Echo: The pirate barker denies being a having stolen goods, prefers to think of it as "high risk trading". After stealing the Waterbending Scroll, Katara makes the same remark.
- It's All My Fault: Katara says it after stealing the scroll leads to the trio getting captured.Aang: No, Katara, it isn't.
Iroh: Yeah, it kind of is.
- Lint Value: Aang tries to haggle for the waterbending scroll. He offers one copper piece. Then, okay, how about two copper pieces?
- Meaningful Background Event: When the pirates storm en-masse out of their ship, Katara nervously edges backwards.
- Midflight Water Touching: Momo the flying lemur gets chased by a carnivorous reptile-bird owned by the villain of the week. At one point during the chase, they fly low over a river, and each trails the tip of one wing in the water while doing a banked turn.
- Mood-Swinger: Katara swings from flipping out at Aang's easy mastery of Waterbending, to sincerely, tearfully saying, "I'm so sorry, I don't know what came over me," to angrily declaring, "No more apologies!"
- My God, What Have I Done?: After yelling at Aang and seeing him cry, Katara immediately feels bad for what she said and apologizes sincerely. Then she does the same for Momo, who had been whipped earlier by a failed water whip. And the look Sokka gives her after she yells at Aang clearly said "What the heck is wrong with you?!"
- Nice Job Breaking It, Hero!: Katara's late-night practicing (and angry muttering) is what alerts the pirates and Zuko to her location.
- Oh, No... Not Again!: The poor Cabbage Merchant:
- Pay Evil unto Evil: Katara rationalizes that it was okay to steal the scroll since the pirates clearly already stole it themselves.
- Pirate Parrot: The pirate captain has a brightly-plumed reptile-bird as a Shoulder Pet, which Sokka lists among the evidence that the "high risk traders" are really pirates.
- Recurring Extra: The Cabbage Merchant returns. He should've stayed in Omashu.
- Ship Tease: It's widely agreed that this episode is when the concept of "Zutara" really took off.
- Shut Up and Save Me!:Aang: Hey, you did the Water Whip!
Katara: I couldn't have done it without your help!
Sokka: [being restrained by three pirates] Will you two quit congratulating each other and help me out?!
- Smoke Bomb: Used by the pirates to distract the fire nation troops.
- Spoof Aesop: The lesson is, "stealing is wrong... unless it's from pirates!"... which, if nothing else, refreshingly keeps the episode from being Anvilicious.
- Stolen MacGuffin Reveal: First it's Katara who reveals the scroll she has stolen from the Pirate ship and at the end it's Sokka revealing the scroll when everyone thought it was gone.
- Talking Your Way Out: When Sokka and Aang are captured by the pirates, who are working with Zuko in return for getting the waterbending scroll back, Sokka convinces the pirates that Aang, as the Avatar, is worth more than the scroll, causing a fight between Zuko and the pirates while the trio escape. Zuko sees what he's up to as soon as he starts talking, but is unable to persuade the pirates not to listen.
- Tempting Fate:[Pirates throw a net over Aang and drag him away]
Sokka: Oh, what? I'm not good enough to kidnap?
[Pirates throw a net over Sokka and drag him away]
- Also, Zuko bursts out laughing when the pirates' ship is stolen by Aang, Katara and Sokka. Mere seconds later he learns that the pirates have stolen his own ship instead.
- This Is No Time for Knitting: When the ship is about to go over the waterfall, Aang's response is to start blowing on the silent whistle he bought at the market. Sokka complains that this is no time for flute practise. It turns out the whistle is a buffalo call, summoning Appa to the rescue.
- Yank the Dog's Chain: Sokka and Katara bump into the cabbage cart, but then merchant grabs the cabbages before they hit the ground. Then Aang jumps through the cart without disturbing the cabbages, only to hurl it at the pirates.