In this dark reimagining of Peter Pan, Neverland is no longer the magical paradise it once was. Decades after Wendy and the Lost Boys left, Peter Pan remains—trapped in an eternal childhood, but something has gone terribly wrong. The island has decayed into a nightmarish landscape, haunted by shadowy creatures and twisted versions of Peter’s former friends. The fairies are nearly extinct, the mermaids have turned into vengeful sirens, and Captain Hook is no longer the greatest threat—something far more sinister lurks in the darkness.

When a grown-up Wendy Darling, now a psychiatrist specializing in childhood trauma, is drawn back to Neverland by disturbing visions, she finds Peter changed—his innocence replaced by something far more dangerous. His refusal to grow up has taken a monstrous turn, warping the island itself. As Wendy searches for a way to escape, she discovers that Peter isn’t just trapped—he is the nightmare itself.

Forced to ally with a reluctant Hook and a handful of surviving Lost Boys, Wendy must confront the horrifying truth: Peter Pan isn’t saving Neverland from darkness. He is the source of it. The battle for survival becomes a fight against Peter’s madness, leading to a shocking final showdown that redefines the legend forever.