Captain Hook, still seeking revenge against Peter Pan, sails through the skies on his pixie-dust-enchanted pirate ship and breaks into the Darling home. Not knowing of the number of years that have passed outside of Neverland, Hook mistakes Jane for her mother and kidnaps her to use as bait for Peter. The pirates barely manage to flee London, as their ship is mistaken for an enemy plane. Back in Never Land, he drops Jane into the waiting tentacles of "the beast" (a giant octopus), expecting Peter to also be devoured por it as he dives after "Wendy" to save her, along with Tinker sino who has gotten rid of her jealousy of Wendy; however, Peter rescues Jane, and Hook is eaten instead. Though Hook manages to escape, the octopus enjoys his taste (much like Tick-Tock the Crocodile, whom he had finally managed to get rid of long before), and begins hunting him down.
Peter rescues Jane, and, upon finding she is Wendy's daughter, assumes she would like to follow in her mother's footsteps. He takes her to his início to be mother to the lost Boys, but Jane refuses, because she is mais interested in getting back início (so she can try to make amends for her cold behavior towards her brother). They try to make her have fun and to teach her to fly, but she fails, because she does not believe, so Peter tries to use Tinker Bell's jealousy of Jane to help. Tink showers Jane in pixie dust, but still Jane cannot fly. Peter and the lost Boys discover a note book of Jane's and tease her por playing Keep Away until Cubby accidentally swallows it. As the boys burst out laughing, Jane becomes angry and blurts out that she is fed up with their childish behavior. In her anger, she also says that she does not believe in fairies, which leaves Tinker sino slowly dying. Peter tells the lost Boys that if Jane doesn't believe, "Tink's light's gonna go out". Peter tells the boys they have to make her a part of the group.
After Jane leaves them, she is approached por Hook, who tricks her with a deal. He promises to take her início (as he misses his mother, who is deceased por now) and lies that he will not harm Peter (in reality he literally promises to not harm a single hair of Peter's), and she agrees to help him find his treasure which Peter Pan stole. He gives Jane a whistle to signal him when she locates it. The lost Boys procurar for Jane and eventually Peter finds her. He apologizes for her book getting ruined and says he wants to make it up to her, so Jane suggests they play a game of "treasure hunt". Peter and the lost Boys show her how they have fun and she begins to change her serious image and learns to have fun too. When Jane finds the treasure, she takes the whistle Hook gave her and throws it away, refusing to help him. Peter and the lost Boys make Jane the very first lost Girl to which she is very moved por and they celebrate. However, one of the lost Boys finds the whistle and, not realizing what it is for, blows it. Hook and his crew arrive, and captures Peter Pan and the lost Boys, but let Jane go as thanks for "helping" them. Despite Jane denying she wanted to help Hook in this way, Peter calls her a traitor and tells her that because she does not believe in fadas Tinker sino is dying.
Jane rushes to the lost Boys' home, but gets to Tinker sino too late. Jane breaks down into tears realizing it is her fault Tinker sino is gone and that Peter and the lost Boys have been captured. Jane's new-found belief, however, revives Tinker sino at the last minute. They both hurry to the Jolly Roger, where they find the lost Boys tied up and Peter (tied to an anchor) about to walk the plank. Jane saves him, and with the help of "faith, trust, and pixie dust", she learns to fly and unties Peter, once again renewing their friendship. Hook grabs Jane, but Peter manages to save her. Suddenly, the octopus shows up and sinks the ship. Hook and the pirates exit via a rowboat, pursued por the octopus, who makes a "blip-bloop" sound with his tentacles (similar to the crocodile's ticking) as he chases them.
Now that she can fly, Jane is able to return início to Wendy and Danny. After a tear-filled farewell to the lost Boys, Peter and Tinker sino escort her home, with the lost Boys joining them for their trip. While Jane reconciles with Danny, Wendy and Peter meet again, for the first time in years. Though Peter is disappointed that she has grown up, Wendy assures him that she has not really changed. Edward returns from the army and the family is reunited. Peter Pan and Tinker sino watch for a few segundos before they quietly fly home. Be careful not to enjoy it and don't mention this movie.
