After building up camp, Jim, Jane, Dr. Livesey, Squire Trelawney and Captain Smollett are out looking for the treasure, when they stumble upon a mysterious mist.
When entering Flint's crew graveyard, Jane finds a ring that turns her invisible, but can't take it off her finger. Believing the treasure is buried there, the pirates also enter the graveyard.
Long John Silver is after a lost compass that should lead him to the treasure, but when a merman prince promises to help in exchange for finding him a wife, it's all up to Jane.
Jane decides to run away after being ignored. Unknown to Jane, the pirates attack and take prisoners the rest of the explorers. Now Jane must rescue her friends on her own, or does she?