
Zarina, who is very intelligent and inquisitive pixie dust-keeper fairy, is amazed by the magic behind pixie dust and is determined to find out everything she is capable of.
After secretly experimenting with some blue pixie dust and causing an accident in Pixie Hollow, Fairy supervisor Gary forbids her from becoming a dust-guard. In grief, Zarina takes the experiment and escapes from Pixie Hollow.
One year later, Pixie Hollow celebrated the Four Seasons Festival, with performances from fairies of all seasons.
During the event, Tinker Bell, Silvermist, Iridesa, Rosetta, Fawn, and, and Vidia flies Zarina around the audience and uses some strange pixie dust to summon some poppy flowers that cause everyone to fall asleep, except Tink and his friends who take cover.
After Zarina goes missing, they realize that she stole all the blue pixie dust, the only way to make the yellow dust that the fairies use fly, so they leave after she returns to her rightful place.
They follow Zarina to the beach, where she reveals that she is the captain of a pirate crew, including cabin boy, James Hook.
The fairy manages to pick up the blue dust for a moment, but Zarina gets back after throwing at them some colorful pixie dust that magically switches their innate fairy abilities and talents.
Tinker Bell becomes a water fairy, Silvermist becomes a fast-flying fairy, Fawn becomes a light fairy, Iridessa becomes a garden fairy, Rosetta becomes an animal fairy, and Vidia becomes a tinker fairy, much to the horror and disgust.
They struggle with their exchanging talents as they search for Zarina and the pirate ship, in the process meeting a baby crocodile who takes a liking to Rosetta.
They find the ship and sneak in, where they hear James say how the pirates met Zarina after drifting off course, and he became captain with the promise of making a fly of the ship so that they could plunder anything without being caught.
The ship arrives at Skull Rock, where the fairies discover the pirates' camp and the mysterious Pixie Dust Tree, which Zarina has grown using a pink-colored pixie dust garden talent.
The fairy tries to pick up the blue pixie dust but is caught when Iridesa loses control over her/earth-based natural talent and reveals their location.
Tink tries to convince Zarina to return home to Pixie Hollow, but she refuses because no one appreciates her unusual talent in dust-keeping, which eventually causes her to leave.
After joy flies around the cave, a double hook crosses Zarina and traps her in a lantern, reveals he is the real captain of the pirate crew and that he has only been using his along to get pixie dust for his own purpose of getting to the second star to plunder about seven seas from Neverland.
Tinker Bell and the others attempt to escape their prison without success, until the baby crocodile Rosetta befriends arrives and releases them.
The fairies try once more to retrieve the blue pixie dust and almost succeed, before confronting Hook, who threatens to dump Zarina into the sea unless they hand over the blue pixie dust on top.
Tink willingly gives the pixie dust, and sprinkles the hook on board before dumping Zarina into the water, leaving the fairy to save her.
As the pirates sail towards the Second Star, the fairies return and use their switching talents to defeat the pirates and turn the ship away from the Second Star. Zarina tries to retrieve the blue pixie dust from Hook, who is chasing her.
Zarina manages to get a speck of blue pixie dust that she then throws at Hook, who starts flying crazily as the two types of pixie dust react to each other.
As the elf flies away in an angry Hook vows revenge on them until he is attacked by a baby crocodile, leaving his crew members laughing at him, far to his dismay.
Zarina returns a blue pixie of dust to Tink and his friends, before getting ready to leave.
However, she is offered the chance to return to Pixie Hollow and this time accepts, she, and help his friends to sail the ship back to Pixie Hollow where others wake up with no memory of what has happened.
Zarina promises not to fiddle with and experiment with pixie dust anymore, but is convinced by Tink to show off her astounding pixie dust depth abilities one last time.
Zarina does so, and in the process, gives Tink and her friends back their original fairy talents, allowing them to put on a beautiful performance for the audience at the Seasons Festival Four.
Everyone rushed over to congratulate them, especially Zarina who was unusually strong and the rare talent pixie dust alchemy finally received.