Well, sure, you can do philosophy wrong!
It sounds to me that you're expecting something from Putnam's argument that he isn't trying to give you. He's trying to clarify what's going on when we talk about words having "meaning". His conclusion is that the "meaning", insofar as it involves "referring" to something, depends on stuff outside the mind of the speaker. That may seem obvious in retrospect, but it's pretty tempting to think otherwise: as competent users of a language, we tend to feel like we know all there is to know about the meanings of our own words! That's the sort of position that Putnam is attacking: a position about that mysterious word "meaning".
EDIT: to clarify, I'm not necessarily in total agreement with Putnam, I just don't think that this is the way to refute him!
the "meaning", insofar as it involves "referring" to something, depends on stuff outside the mind of the speaker. That may seem obvious in retrospect, but it's pretty tempting to think otherwise
The idea produces non-obvious results if you apply it to, for example, mathematical concepts. They certainly refer to something, which is therefore outside the mind. Conclusion: Hylaean Theoric World.
Thagard (2012) contains a nicely compact passage on thought experiments: