Translation:
As the captain of the Titanic, I'm sure you, our loyal passengers, are well aware that the ship is sinking. The good news is, we have buckets for everyone so please, pick one up and start bailing..........
The internet can't figure out if he said "imminently" or "eminently."
Apparently he said one and meant the other.
Neither fits exactly, but "eminently" may make more sense.