That though leaves me with this question–why did Bae fall in the water? Did he force the shadow to let him go? Because if he was its target, for those 2 theories above, then something else might have happened like they merged or it took him to a portal . So I think there’s now something else going on there unless Bae escaped actively.
Bae didn’t want to actually set foot on Neverland, because Wendy had told him that whoever does cannot leave again. Bae had a box of matches in his bathrobe. He struck a match, and the light repelled the shadow and dropped Bae, who fell into the sea. Hook and his crew then rescued Bae and welcomed him aboard the Jolly Roger.
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"That’s how you know you’ve really got a home. When you leave it, there’s this feeling that you can’t shake. You just miss it." Neal Cassidy