Aquatic has flooded everything with water, taken Deadbone’s magic tablecloth and seven-league boots, and now he wants to get something for their return. Deadbone is indignant—why must he give up anything for the stuff that is actually his own? Wolf offers that Peter should arbitrate. Peter tells them that he shall keep the things until Aquatic and Deadbone come to an agreement. Meanwhile, the magic tablecloths and seven-league boots fall into the hand of Peter’s Mom and Dad. Now they are rushing around the world, giving away food to the hungry.