Corrected entry: When Kevin and the dwarves are on the Titanic, the camera shows a close-up shot of a lifesaver hanging on the ship's deck. The lifesaver reads "S.S. Titanic". Being a British ship, the lifesavers on the Titanic should actually be labeled "R.M.S. Titanic".
Twotall
25th Nov 2003
Correction: All of Titanic's lifeboats were labelled "S.S. Titanic". At the Merseyside Maritime Museum you can see a lifeboat name plate that confirms this. http://www.liverpoolmuseums.org.uk/maritime/collections/liners/titanic/nameplate.aspx If the lifeboats were labelled "S.S.", it's only likely that the life preservers read the same. The reason for this is that the Titanic was both an S.S. (Steam Ship) and occasionally an RMS (Royal Mail Ship). She would only have the second designation when carrying British mail, which would not necessarily be true for every voyage she ever made. Labelling the boats and preservers with the "S.S." monicker would be accurate no matter what the purpose for her trip was.
Twotall
You are both wrong, though the posting is correct. The life preservers were labelled "TITANIC" at the top and "LONDON" at the bottom. Some had 19 to the left and 12 to the right, some had small black stars instead of numbers. None were labelled "SS" or "RMS".