In this pivotal chapter, the narrative centers on Peter Pan’s return to the nursery, not out of affection for Wendy, but to hear the conclusion of the story about "the lady who lost her glass slipper." When Wendy realizes Peter missed the ending of Cinderella, she eagerly shares the "happily ever after" resolution. However, Peter’s primary mission is to return to Neverland. His invitation to Wendy is calculated; he appeals to her "very strong maternal feelings," suggesting she could be a mother to the Lost Boys, someone to "tuck them in"—a role none of the boys have ever experienced. This role, combined with the promise that he would "teach" her to fly, proves too irresistible for Wendy to refuse.
As the children prepare for their journey, tension rises with the presence of Nana, the protective dog. Peter senses her arrival before anyone else, noting, "There can be only one explanation," as the dog stops barking. To maintain their secrecy, Peter commands the children to "pretend to be sleeping" while he and Tinkerbell hide. The family cook, Liza, attempts to soothe the "suspicious" Nana by showing her that the children are "safe and sound." Yet, once returned to her chain, Nana’s maternal instincts drive her to break free and alert Mr. and Mrs. Darling. Unfortunately, as the text notes, "Peter Pan could do a lot in ten minutes," and by the time the parents return, the children are already on the verge of departure.
Initially, Peter’s instructions on how to fly are incomplete. He tells them to "think wonderful thoughts," but as the children struggle to rise from their beds, it becomes clear that "no one can fly unless some fairy dust has been blown on them." Peter, having secured "some dust on his hands" from Tinkerbell, assists the children. Once airborne, the room becomes a scene of chaotic joy as they "sailed clumsily around their room," with Michael excitedly declaring he will "fly for one million miles."
Despite Wendy’s momentary hesitation, realizing the situation is "too real and risky," Peter employs his "sly" nature to lure her further. By mentioning "mermaids" and "pirates," he captures the children's imaginations completely. The climax arrives as Mr. and Mrs. Darling return home to witness a sight of "horror": their children, alongside Peter, "whirling around and around" in the air. Despite the stars calling out a warning that "the grown-ups are coming back," the children do not falter. Peter throws open the window, and in a final act of liberation, the "three little birds left the nest," soaring into the night and vanishing toward the mysterious shores of Neverland.