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 to help him exact revenge on his younger brother James for murdering him years ago. The evil ghost won't stop at destroying Hook and the Jolly Roger – all of Neverland is at risk. To survive this threat, Peter Pan and Captain Hook must combine forces and banish Patch forever.