Jake and his crew ask their pirate puppy Patch to dig up to discover the golden statue that looks like Mr. Smee. While on their way to the Jolly Roger Jake, Izzy and Cubby experience all forms of bad luck. Once the puny pirate team arrive at the Jolly Roger, Captain Hook couldn't believe that the young pirates would bring him treasure, but Mr. Smee tries to warn Hook about the dangers of the golden Smee. It is said to lead those to the vast treasure of the Smee's but the idol is said to have a curse granting all with contact with the statue with misfortune. Hook refuses to be leave the words of his first mate and desired the rest of the treasure. Suddenly, a gust catches the Jolly Roger's sails, forcing the ship to hit a rock, leaving Captain Hook dangling over the Never Sea and at the mercy of Tick-Tock the Crocodile who attempts to devour him. Luckily, Jake and his crew pull Hook back aboard the Jolly Roger safe from the crocodile.
Meanwhile, Mr. Smee sneaks off with the golden statue and heads to Never Land against Hook's orders. Jake and Hook's crew soon track Mr. Smee down with the help of Patch following his scent all the way to Belch Mountain were Smee was determined to rid everyone of the cursed statue by throwing into the volcano. Captain Hook refuse to allow such a treasure to slip from his grasp, he order Sharky and Bones to assist him in retrieving the statue from Smee, but in the struggle the rocky floor gives beneath them gives way sending Hook and his crew plummeting into Belch Mountain. Luckily, Izzy come to Hook and his crew aid using her pixie dust to fly everyone from a fiery fate leaving the golden Smee sinking into the lava. Smee assure Captain Hook that the golden treasure of the Smee wasn't worth it. Hook and his bumbling crew soon return to the Jolly Roger. Smee thanks Jake and his friends for all their help and even had a gift for Patch, a juicy bone.Jake and his crew soon return to Pirate Island to put the gold doubloons they gather in their adventure into the Team Treasure Chest. Unkown to both Jake and Hook and crew that the golden Smee survived the fiery depth of Belch Mountain which erupts, sending sending the statue plummeting into the Never Sea with the rest of the legendary treasures of the Smee's.