Peter brags to Lost Boys how he stole a crystal from the Ice King and inadvertently summons the creature. The King is furious and warns them not to enter his realm again or he'll bring eternal winter. Too bad Peter never listens.
The Mermaids give Hook and the pirates a phony map to the mythical Neverland Ruby, the most precious gem in existence. But Peter and the Lost Boys steal it then go after it themselves.
While exploring a cave, Peter, Slightly, and John open a treasure chest that contains the ghost of Captain Patch (a.k.a. Jaspar Hook). Patch's ghost has grown powerful enough to summon his old ship The Rake from beyond.
Michael has a recurring nightmare of the Croc and an Eagle fighting each other, so Peter and Wendy bring him to see Chief Great Big Little Panther to help him understand the meaning of it.
Pirate Mullins's try's cure his land sickness with a magical spell but it causes the moon to plummet from the sky. Captain Hook saves the Girl Who Lives in the Moon.
The Can Do Twins suffer a rift between each other and keep fighting incessantly. So Wendy decides to have contest to build fastest racing machine In Neverland. Peter get's Billy Jukes help to him build one.
Tinkerbell complaints that Wendy's stories aren't exciting enough so she uses her fairy magic to make the stories comes alive as it's told. Hook decides to create his own book of revenge.
Peter and the Lost Boys want to know what Mother look's like so they steals Hook's picture of his mother and when the crew find it missing they try to create a new one. But Wendy makes them give it back.
After Tinkerbell uses her magic to bring the book "Alice in Wonderland" to life, Peter and Wendy find themselves in Wonderland with the other Neverland residents as characters from the story.