When the sea fairy promises him a new ship in return for retrieving a stolen magic sapphire, Pirate Pete discovers that the gem is guarded by a fierce, but dimwitted, giant.
While assisting her father, an estate and antiques dealer, teenaged Misty discovers a journal and pair of glasses that allow her to see ghosts, including those of pirates who founded her New England town and who are seeking a golden statue with mystical powers.