With all the dramas surrounding war heroes during this era, I can't imagine adults taking this "G.I. Joe" style heroics drama seriously. It's about a real-life hero floating in the Pacific after his plane goes down and all we get are flashbacks of how he got interested in flying as a child and his romantic life. This being at the tale end of the war, it probably failed to spark any interest because it has a "been there, done that" feeling audiences got for dozens of previous films, including one excellent classic, "The Fighting Sullivans", which at least had the connection of the five brothers tragically killed together on the same ship while telling its slice-of-life growing up tale which explained why they were all so close in the first place.
In the case of "Captain Eddie", Fred MacMurray and his crew (filled with familiar faces, all wasted in bit roles), are seen diving in their plane into the ocean, escaping into life rafts, discussing the loss of their supplies, and all of a sudden, MacMurray is flashing back to his childhood (played by Darryl Hickman) and a harmless theft of neighborhood items in order to make a flying machine to zoom off his barn roof. That sequence is entertaining enough, and a conversation with his father leads to tragedy where his mother makes him swear never to fly in his life again. "Yeah right", you say, and two World Wars later, what is he doing? Flying over the Pacific.
More brief shots at sea (including the attempt to snare a sea bird for dinner and shots of a storm which threatens to capsize them) and MacMurray is recalling his romance with the pretty Lynn Bari, belle of the ball of a dance he attends, giving her a ride home after arranging for her date's horse to scram away from his carriage. Time passes, and World War II makes him a hero. A disturbing sequence has hospitalized MacMurray overhearing the news that he is about to die any minute (over a radio no less!) as his family comes in.
While the overall film is entertaining in its "slice of Americana" episodic way, as a patriotic war film, it truly disappoints. Young boys with dreams of flying or following in their father's footsteps and becoming war heroes were probably the only ones who left the movie theater feeling totally satisfied.