SpongeBob mimicking Plankton is a reference to "Mimic Madness."
Plankton turning into a genie when he is trying to open the Krabby Patty formula is a reference to "Spin the Bottle."
Cultural reference
The boat that fell on top of Squidward bears a striking resemblance to the RMS Titanic, a British passenger liner that sank in the Atlantic after colliding with an iceberg on April 15, 1912.
Errors
In one scene, inside the Chum Bucket, SpongeBob's eyelashes aren't seen. File:Eror.png