It’s a lazy summer day when Peregrine Toque, a formerly-adventurous halfling, now settled down to a peaceful life with his wife Bonnie Baillie, his newborn child, and his massive longbottom leaf grow-up, receives and urgent letter from his old friend Tibles of the Blue Leaf Clan. Heeding the call for help, Peregrine journeys down south to Gootham, to find The Brass Buckle, the blacksmith shop formerly owned by Richard J. Buckles.
There, he meets a young half-elf bard by the name of Moira Maggee, who had been told to keep watch over the place by a young, dark-haired man.
Meanwhile, an Oread pit-fighter by the name of Albion Halberg, is ordered by his master, Abercrombie to capture or kill Peregrine Took. Heeding his master’s orders, he journeys with his fellow pit-fighter Orazid, and a group of other hired thugs to bring the halfling back to Abercrombie, dead or alive.
When they arrive at The Brass Buckle, Peregrine hides, and Moira opens the door. The thugs force their way inside, and begin searching for the halfling. Thinking quickly, Moira places a charm spell on Albion, causing him to turn on his companions when they show hostility towards her. A fight breaks out, Peregrine joins in, and in the end, the thugs are defeated.
One Tiefling is left alive for questioning. Albion, Moira, and Peregrine all agree to find Abercrombie and inquire as to why he sought the halfling. The Tiefling sees an opportunity, and flees while the three are deep in conversation.
Moira and Albion pursue the Tiefling, and Peregrine slips into the back room to uncover the clue that Tibles had left as to his whereabouts. With that, he catches up to his companions by riding his pony after them.
The Tiefling gets away, and it is decided that the group cut through the Tin Street Markets to get to the spire of the Arena, where Abercrombie is waiting for the group of thugs. The going isn’t easy, but the group makes it relatively unscathed.
Albion ties Peregrine’s hands in an easily undone knot, and enters the meeting place, informing Abercrombie that all the others had perished at the hands of the skilled halfling and a few of his accomplices. When Abercrombie’s guards move in to carry the halfling away, Peregrine undoes the knots, and the duo makes short work of them.
A cornered Abercrombie reveals that he never had any intention of finding Albion’s parents, and was simply using that as a tool to make the foolish Oread stay. He reveals that he was ordered to find and capture Peregrine Toque, or uncover any information on The Tiki Company, by a thick-accented, mask-wearing man in a fireside armchair.
When it is clear Abercrombie’s life now holds little value, he jumps off the spire, ending it before divulging any more information. Moira resolves to join Peregrine for her own reasons, and head south to meet Tibles in Almernae. Albion decides to hunt around for some actual leads on the whereabouts of his family, and the two groups go their separate ways.