Penn had planned to rescue children waylaid by Katrina's flood waters, but apparently forgot to plug a hole in the bottom of the vessel, which began taking water within seconds of its launch.
The actor, known for his political activism, was seen wearing what appeared to be a white flak jacket and frantically bailing water out of the sinking vessel with a red plastic cup.
This next line gets to what Penn was really there for:
With the boat loaded with members of Penn's entourage, including a personal photographer, one bystander taunted the actor: "How are you going to get any people in that thing?"
Indeed, but it does go a long way in self-promotion, doesn't it, Sean?