Baywatch

Catherine is a royal princess who longs to get away for just one day from her pampered life. So, she jumps off her father's yacht and ends up being rescued by Mitch who, oblivious to her true identity, shows Princess Catherine around town. But Catherine is also oblivious to the fact that she is the target of two assassins out to kidnap her, while Mitch and Newman are in training on a motorboat personally designed by Ben for a high speed boat tournament that Catherine's snobbish, self-serving fiancé is sponsoring as well as racing in.