Mama Rose lives to see her daughter June succeed on Broadway by way of vaudeville. When June marries and leaves, Rose turns her hope and attention to her elder, less obviously talented, daughter Louise. However, having her headlining as a stripper at Minsky's Burlesque is not what she initially has in mind.

In this magical tale about the boy who refuses to grow up, Peter Pan and his mischievous fairy sidekick Tinkerbell visit the nursery of Wendy, Michael and John Darling. With a sprinkling of pixie dust, Peter and his new friends fly out the nursery window and over London to Never-Never Land. The children experience many wonderful and exciting adventures with the Lost Boys, Tiger Lily's Indian tribe, and Peter's arch enemy the dastardly pirate Captain Hook.