Despite the title, there aren't a lot of ballooning sequences in the film. While it is a balloon that takes Buster into the woods in this silent short, it is in the wild that the bulk of this movie is set.
The film begins with Buster in a Fun House. Then, a few minutes later, he accidentally hitches a ride on the top of a balloon and goes from the beach to the wild wide open. The jokes up until then were just okay by Keaton standards. However, the jokes begin to improve and the film takes a nice leisurely pace as Buster makes himself at home in the great outdoors. He makes a boob of himself fishing, cooking out and almost gets eaten by bears, but he also meets a nice outdoorsy girl who he falls in love with in the end. Nothing really spectacular occurs--just like seeing Buster on vacation.