The title of this episode, "Bullets and Bikinis", is the name of the fictional movie the A-Team used in the pilot episode to scam needed equipment from the Acapulco Film Commission.
For once someone did their homework: The stock footage at the beginning is actually of Ft Lauderdale, FL where the girls in the episode are from. Notice the shot of Las Olas Blvd a popular dining and entertainment street in Ft Lauderdale.
After supposedly nearly drowning, Face claims he saw his whole life passing before his eyes and mentions his G.I. Joe action figures. Since G.I. Joe action figures were not released until 1964, Face must have played with them as almost an adult.