In the Enchanted Past, it takes Hook little time to realize the boy he's rescued from the deep, dark drink is none other than the son of his one true love -- and his mortal enemy. Not realizing the history between his parents and Hook, Baelfire spills the beans that Daddy Dark One can be killed with the kris dagger. Before learning Bae's identity, Hook was ready to trade the boy to Peter Pan's Lost Ones, but now that he knows the truth, he has other plans. He hides Bae while the Lost Ones search the Jolly Roger. Later they bond over their daddy issues, and Hook teaches Bae to sail the ship.

Bae finds a sketch of Milah among Hook's things and challenges the pirate to a duel because he thinks Hook killed Milah. Hook disabuses him of this notion and tells Bae how Rumpelstiltskin tore out Milah's heart and crushed it. At first this moment seems to create a continuity problem, because Rumpy killed Milah after Bae disappeared, but I suppose Hook could have lost his hand and his lover during Bae's six months in London. Hook tries to convince Bae to stay with him and form a new family, but Bae refuses and asks to return to London. Hook explains it's impossible. Still, Bae wants off the ship. Instead of doing the hard job of mending fences with Bae, Hook hands him over to the Lost Ones.

Storybrooke. Present. Park. Armed with her crossbow, Granny stands guard over Henry as he swings. Lurking at a distance, Mr. Gold magically unravels the swing's ropes, hoping his Undoing will smash his head on the pointy rocks nearby. Who the hell leaves rocks like that so close to a swing in a children's playground in the first place? Oh right, Storybrooke was created by the Dark Curse designed by Rumpelstiltskin and cast by the Evil Queen. Of course there are dangerous rocks right next to the swings. Carry on.

Emma and her parents arrive before Gold can kill the boy. While Emma talks to Henry, Snow and Charming get the thankless job of telling Gold what happened to Neal. Gold assumes his son is dead and decides today is a great day for their world to end -- a great day to die.

Back at Snow's, the Charmings fill Regina in on everything that's happened. Meanwhile, in the tunnels, Groan, Tamara and Hook are ready to trigger the failsafe and destroy Storybrooke. When Hook realizes he'll have to die to exact his revenge on the scaly old Crocodile, he switches teams, because he's a pirate like that. Groan and Tamara trigger the failsafe by striking the diamond trigger with a dwarf's pickaxe. Hook finds the White Hats (and Regina) at Snow's hovel just after the trigger rocks the entire town with a mystical shockwave.

Being the only person with a cool head, Emma lays out the plan. Hook and Charming will go after Tamara and Groan and get a magical bean so that the Storybrookers can travel back to the Enchanted Forest, before the failsafe kills them all. Snow and Henry will round up the villagers (read the only ones they care about). Emma and Regina will head down to the mines so that Regina can try to slow down activation of the failsafe.

Meanwhile, over at Mr. Gold's, the Dwarfs are reclaiming their belongings. Using a hair from restored Pinocchio, Blue has created a potion that can restore a person's original identity. They're going to use it on Sneezy, who must drink it out of his old stein. Grumpy had Blue make a second dose of the cure for Belle.

Gold isn't inclined to dose Laceybelle at first, but he soon changes his mind. He magically restores potsherds into a familiar teacup, which I'm happy to report still retains its chip. Once Gold pours the potion into Chip, Laceybelle tosses it back like it's MacCutcheon's. Magic washes over her and she's all Belle again! Gold cries as they embrace. After they kiss. He apologizes for waking her up just to die. "But I needed you." Um, thanks?

Down in the mines, Emma realizes Regina is going to have to die to buy the Storybrookers enough time to escape. Emma insists there has to be another way out, but Regina recognizes this is all her fault. "Everyone looks at me as the Evil Queen, including my son. Let me die as Regina." Tears (of course) stream down Regina's face, as she absorbs the trigger's magic. Emma heads off to meet up with Team Charming.

During a scuffle Hook manages to get one of the beans from the Two-Headed Obstacle. Greg and Tamara escape. Charming wants to go after them, but Hook stops him and counsels the Prince to live to fight another day.

Back at Granny's Diner, Charming gives Emma Hook's wallet, which contains the bean. Henry asks where Regina is. When Emma explains that she's still delaying the failsafe, but won't survive, Henry insists they must save her. He's already lost one parent and that's one too many. After he mentions how they saved Regina from the wraith, Snow realizes they can open a portal and throw the trigger into it (sorry, other worlds). The core townies are willing to take the risk (nobody's worried about the rank and file this week) and persuade Emma to own her Charming legacy and take the hard path. Hook thinks this is lunacy, so he grabs the wallet, but Emma gets it back from him.

Emma, Henry, Snow and David head back to the mines and tell Regina about their new plan. Regina resists at first, but they're determined to save her. The only problem is that the bean isn't in the wallet, but rather in Hook's hot little hand and he's sailing out of town. Emma realizes that since she has her own magic, if she works with Regina, they might be able to deactivate the trigger. Lo and behold, it works! The failsafe is undone.

Eventually, Hook has a crisis of conscience and decides to return, but he doesn't arrive until after the Two-Headed Obstacle grabs Henry, opens a portal, and jumps into it with the boy, because he's the game changer. It makes little sense that Regina doesn't at least try to magically stop them from jumping, but I'm more than happy I didn't have to watch them fend off her magic with "science," so I'll let it go.

When Hook returns to port, Henry's two mommies and three grandparents board the Jolly Roger. Before leaving, Gold gives Belle a cloaking spell to shield the town from agents of the Home Office. Gold expects he'll never return. The boy is his undoing, but Gold must find his grandson to honor his son's memory. Belle kisses Gold goodbye, reminds him the future isn't always what it seems, and assures him Baelfire would be very proud of him.

We cut to a distant shore. Neal is lying face down in the sand, Phillip, Aurora and Mulan find him. Am I forgetting something (possibly) or have we not yet seen how Aurora and Mulan got Phillip's soul back from the Chintz Monster?

In Storybrooke, Hook and Gold strike a tentative peace so that they can devote themselves to the task at hand. Gold produces Cora's magical globe, pricks his finger and bleeds on it to locate Henry. The Two-Headed Obstacle has taken him to Neverland. Hook tosses the magic bean into the sea. As our heroes and villains sail toward the portal, Gold tells them Groan and Tamara have no idea for whom they're truly working -- someone we all should fear.

In the Enchanted Past, the Lost Ones bring Bae to Neverland. A cloaked figure reviews a sketch and says Bae is not the boy Pan is after, so he gets to live with "the rest." When the sketch is revealed, we see it's Henry!

I will be back the full recap, ASAP. In the meantime, please grade the episode at the top of the page and then come on over to the forum, where, if Hook tries anything, we'll shoot him in the face.