The party arrives in the Feywild without Dusk, finding themselves on an elevated causeway above a swampy landscape. After resting, and observing the strange tides that affect the region, the party descends from the causeway, heading toward a balloon they saw crashing about a mile away.

Along the way, they are accosted by a group of harengon bandits, and after Muriel and Serena taunt them, a fight ensues, with the party killing four of the bandits. The party takes the bandits' giant snail, but Muriel's behavior turns it hostile toward her. Continuing on, they find Sir Talavar, the faerie dragon, trapped in a cage guarded by giant snakes, which they dispatch...

The party minus Dusk speaks with Ellywick Tumblestrum before reuniting with their tabaxi friend, deciding as a group to hunt the kenku after both Dusk and Jjak discover leads.

The group proceeds to the Thunderdome, with Jjak surviving the final round. While she is receiving her prize, Serena spots the kenku, and when the group corners her, they realize they have common cause.

While Jjak is being crowned the Witchlight Monarch, Dusk pilfers Mister Witch's watch, and the group use it as leverage against the carnival owners, who lead them to a portal in the Hall of Illusions. Tumblestrum watches from around the corner as four of the party step through the mists after the owners give some parting words...

***Edited as best as possible. Apologies for the barking dachshund.***

After a brief conversation with Mister Witch and Mister Light, Burly pulls the party aside to advocate for them pressuring the owners by lifting Mister Witch's pocket watch, forcing them to answer their questions if they want it back.

In one part of the carnival, Dusk spots a kenku in disguise heckling Palasha, but is unable to apprehend them. In another, Eira attempts to rescue a grieving halfling, but arrives a few seconds too late, and Serena investigates and finds some out-of-place mirrors. Banjjak eavesdrops on the owners, but is interrupted by Muriel.

The end of the night and the crowning of the Witchlight Monarch draws closer, and the party is quickly running out of time...

Serena, Dusk, and Eira reunite with their childhood friend Banjjak, who now works for the Witchlight Carnival. They are joined by Muriel, who also works for the carnival.

The group partakes of several of the carnival attractions, including getting their fortunes read by Auntie Edna, rescuing a carnivalgoer on the dragonfly ride, and gaining some knowledge from the unicorns on the carousel.

After joining the Big Top Extravaganza, the party is approached by Burly, who tells them management would like to speak to them...

The Witchlight Carnival has returned to the characters' home plane, eight years after its last visit and 24 years since Eira, Dusk, Serena, and Banjjak snuck in as children.