His character is a magic boy who can fly and who refuses to grow up . Peter Pan spends his never-ending childhood playing on the small island of Neverland as the leader of his gang the Lost Boys . A mischievous boy who can fly and magically refuses to grow up , Peter Pan spends his never-ending childhood adventuring on the small island of Neverland as the leader of his gang the Lost Boys , interacting with mermaids , Indians , fairies , pirates , and ( from time to time ) meeting ordinary children from the world outside .