In the Goo Lagoon Pier, SpongeBob has to pay a clam toll gate which spawns a trampoline. This allows the player to jump up to a the top of the tower and use the bungee. At the bottom of the bungee there is a Golden Spatula.
Using the collision on the flags, you can climb the flags and reach the top of the tower. This avoids paying the clam and watching a cutscene.