I think its safe to say we are all too familiar with the Children’s Fairytale of Peter Pan be it in Book Form or the Classic Children’s Movie. Now believe it or not there are several theories about what is exactly going on. That is there various Schools of Thought that delve deeper than Face Value.
Here is just 1 of those Alternate Theories:
This theory states that the Children visited by Peter Pan are in fact Dead.
Peter Pan is not a Fantastical Character, but The Angel of Death or a Grim Reaper for Children.
Peter Pan has come to take the Children from the real world to a place called Wonderland which is this scenario would be a Heaven (designed for Deceased Children) which is why No One in Wonderland ever gets old. Not to mention Never Never land is inhabited by only Children.
Opponents of this Theory Would Point Out Never Never Land is plagued by an Adult Pirate (Captain Hook), and his entire crew who are also Adults?
As for Captain Hook in this case would be Satan who attacks Never Never land in an attempt to steal the Children’s Souls.
Once Again The Opponents would question What about Captain Hooks Crew?
Now its true Captain Hook had a full crew of Loyal fellow Pirates who are representing The Damned Souls in Hell or Demons taking on a Human Form.
The Opponents are still not satisfied by this explanation of Peter Pan. They would continue to question, and the next (and last) question would be or is What about the Crocodile? The Crocodile while a Giant Reptile Carnivore who literally bit off Captain Hooks Hand isn’t a “Bad Guy”. The Crocodile never tries to hurt/eat any of the Children or Captain Hooks Crew, it solely wants only Captain Hook.
This in all do fairness is the thickest question posed against this particular interpretation of Peter Pan. Some People believe The Crocodile is an Angel sent by God to smite Captain Hook (aka The Devil). It is also thought The Crocodile is actually God, Jesus, or possibly The Holy Ghost.
I hold with those who think The Crocodile is Redemption. What if The Devil could not only be defeated what if He could be killed?! What Then? Would He just end up in Hell again or could He very well end up at The Pearly Gates resuming His previous job as The Right Hand Of God (thus redeeming Himself for his previous actions in the Eyes of God) ???
I concur with this concept, and I also believe the Clock that Ticks Ominously in the Belly of The Crocodile is a Reminder to Captain Hook that Time Heals All Wounds.
Thanks for Reading 
By Les Sober