The video shows a group of toy ponies and a toy octopus in a blue pool. The ponies are of different colors, including yellow, pink, and blue, and they are all standing on a pink diving board. The octopus is pink with blue hearts on its body. The ponies take turns jumping into the pool, and the octopus is also shown jumping in. The pool is surrounded by a blue background, and there is a yellow ladder on the side.