Pedro yearns for the pirate's life. Though he is only the cabin boy
on Captain Crossbones' ship, he daydreams about becoming a real pirate. When that chance finally comes, Pedro steals a mermaid's gold locket. The mermaid chastises Pedro, but he laughs and boasts, “It's what we pirates do!” That initial boast, however, soon gives
way to regret as Pedro contemplates his actions. He resolves to
return the locket and to free the mermaid that Captain Crossbones holds captive. The outcome is a happy one as Pedro expresses his contrition to the mermaid, and assures her that the pirate's life is
not for him.