Jimmy (Jack Wild) ventures to Living Island with his magical, talking flute, Freddy. Once there, he befriends many of the island's inhabitants, but the evil Witchiepoo (Billie Hayes) is determined to steal Freddy the flute away from the boy to impress the visiting Witches' Council and win the Witch of the Year Award.
Deserted by their father and with their mother dead, nine-year-old Pablo and his little sister Maria refuse to be separated from each other by their caretaker aunt. With a cross as their guide, they embark on a perilous, but ultimately rewarding adventure in search of a mystical gem that holds the key to happiness. They escape the fearsome metal hook of a pirate and are helped by a delightfully drunken Captain in their quest for the magic stone.
