While Jake and his crew are playing volleyball, Cubby discovers a large wooden elephant. This was to be a gift for Jake and his crew, but Captain Hook and Mr. Smee are hidden inside the elephant. The two scoundrels take off with the crew's treasures after the three put the elephant in their treasure room and leave for lunch. When the pirate kids find that the wooden elephant is rolling away, can they catch up to it and get all their treasures back?
- Jake and his crew collect eight gold doubloons
- The wooden elephant is a reference to the Trojan Horse:
- Captain Hook and Mr. Smee act as the Greeks in the statue.
- The note is like the way the Trojan accepted the Horse as a gift.
- The treasures being stolen are like the Greeks taking over Troy (Jake's treasure room)
- While not psychically appearing in the episode both Marina and Peter Pan are mentioned.
- Colin Ford as Jake
- Madison Pettis as Izzy
- Jonathan Morgan Heit as Cubby
- David Arquette as Skully
- Corey Burton as Captain Hook
- Jeff Bennett as Mr. Smee
- Loren Hoskins as Sharky
- Jeff Bennett (speaking)/Kevin Hendrickson (singing) as Bones