Waterhole #3 is a slow-building, deliberate oater comedy blending satire, slapstick and double entendre dialog for laughs.
Distended story line turns on two gags: gold heist by crooked army sergeant Claude Akins, grounting outlaw Timothy Carey and unwilling hostage Harry Davis; and casual seduction by gambler James Coburn of Carroll O’Connor’s daughter, Margaret Blye.
O’Connor is far more interested in Coburn’s theft of a prize horse, and this gag is milked for all it is worth. Joan Blondell has a bright role as a madame, ditto James Whitmore as a cliche frontier Army officer.
Coburn, O’Connor and Blye (whose voice and projection are perfect) handle their roles in very good fashion, while rest of cast offers good support.