Abbott And Costello Meet Captain Kidd was one of the movies the guys produced on their own. Universal didn't want to pay to make Abbott and Costello movies in color and they made a couple in color on their own. AACMCK is the second film in SuperCinecolor, a three color version of the two color process Cinecolor. Howard Dimsdale and John Grant were the writers and Charles Lamont was the director. They all worked with Bud and Lou on some of their other movies.
Charles Laughton joins Bud and Lou as Captain Kidd. According to the Wikipedia Charles was in a bit of a slump in his career and he signed on for a mere $25,000. Still seems like a good salary. Charles later appeared with Bud and Lou on the Colgate Comedy Hour TV show and in a commercial for Christmas Seals.
Bud and Lou work in a tavern where they accidentally get into a mess with the Captain. A letter gets mixed with a treasure map and the guys wind up on the Captain's ship. Little do they know that the Captain means to kill them once their usefulness is over. They get some help from their pal at the pub, he was shanghaied, and Captain Bonney. There's plenty of gags and a bit of romance. There's even a bit of pirate action as Kidd raids a ship and kidnaps Lady Jane. It's all good fun and in color to boot.