The Pope visits Washington and President Bush takes him for a ride down the Potomac on the presidential yacht. They're enjoying themselves when a gust of wind blows the Pope's hat (zucchetto) off and out onto the water. The Secret Service begins to launch a boat but Bush waves them off saying, "Wait. I'll take care of this."
Bush steps off the yacht onto the surface of the water, walks out a ways and picks up the hat. Back on board, he hands the hat to the Pope amid stunned silence.
The next morning the Washington Post carries the story complete with photos under the heading: "BUSH CAN'T SWIM".
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