ACT I:
It is 1885 during the reign of Queen Victoria and two ships from the British Empire set sail on the high seas for the imaginary kingdom of Rundoon.
On one ship, The Neverland, three orphan boys encounter a smart and witty girl named Molly Aster, the daughter of an English lord and minister to the queen. Also on board is a trunk full of precious STARSTUFF that Molly has promised to protect. One of the orphans, known only as Boy, is bitter and unpleasant. Once he meets Molly, his lonely and miserable world is turned upside down.
On the other ship, The Wasp, Molly’s father, the famous STARCATCHER Lord Aster, guards a decoy trunk from pirates who are in search of treasure. The pirate captain, Black Stache, discovers the ruse and goes after The Neverland.
A violent storm ensues, and Molly and the orphans find themselves trying to save the valuable trunk from Black Stache, his men, and the both of the ships’ crews. The Neverland is torn asunder in the storm.
In the midst of all the upheaval, Boy meets Black Stache who gives him the name of Peter while trying to convince him to become a pirate. The trunk is almost in secure hands, when in order to save himself from drowning, Peter rides it through the waves to a nearby island.
ACT II:
During Peter’s ride on the trunk to the island, the STARSTUFF dissolved in the Grotto on the island. As the fish find themselves suddenly bathing in the STARSTUFF water their greatest wish is realized: to become mermaids.
Although all parties have ended up on or near the island, they are separated. The boys and Molly soon find themselves captured by the Mollusks, the island natives, who are ruled by Fighting Prawn, a leader who has a particular hatred for the British. Stache and Smee continue to hunt Peter and the trunk, which they believe is filled with treasure. Mrs. Bumbrake and Alf find themselves awash at sea, trying to figure out how to get to the island and save Molly.
The adventures continue as the children find themselves facing a giant Crocodile, running away from Mollusks, and eventually facing Stache and Smee on the beach. Throughout the adventures we find out the origins of many details of the classic tale of Peter Pan, such as how and why Peter received the name Pan, where the giant ticking Crocodile and Tinkerbell came from, why the island is called Neverland, and how Stache lost his hand and became Captain Hook. We also learn in the final scene when Peter learns to fly, why he and Stache are adversaries for all time, and why Peter eventually seeks out Wendy.
