Peter Banning (Robin Williams), a workaholic lawyer, takes his family to London to visit Granny Wendy for Christmas, but he struggles to leave work behind and get into the holiday spirit. When a forgotten old-time enemy Captain Hook (Dustin Hoffman) kidnaps his two children, he is forced to dig back into his childhood and fly to Neverland. Will he be able to remember what youthfulness is and that is name is actually Peter Pan?