Setting
It is a magical world that exists within a star which Peter Pan refers to as "the second star to the right, and straight on till morning!" Although reputed to prevent people from "growing up" from kids to adulthood, it is implied with Captain Hook's pirate crew and the Red Indians that adults are present in this location. Though not officially stated, it's been implied that the longer one stays in Neverland the harder it is for them to recall their former life outside it till they forget about their past completely.
Places of Interest
Hangman's Tree: A large, but dead tree located in Never Land, it serves as the entrance to the home of Peter Pan and the Lost Boys. The tree has multiple trap doors and secret entrances for Peter Pan and the boys to enter and exit through.
Mermaid Lagoon: As the name suggests, this area is home to a large group of mermaids. Peter Pan apparently travels here often, as they are noted fans of his.
Skull Rock: Located along the sea, this area is marked by a large rock formation in the shape of a skull. Captain Hook and Mr. Smee bring Tiger Lily here while interrogating her.
Indian Camp: This is where Tiger Lily and her tribe are located. There are multiple tepee's here, which serve as homes for the tribe.
A large bay is the anchoring spot for Captain Hook's ship. One end is open towards the sea.
Crocodile Creek: The home of the crocodile who ate Captain Hook's left hand. It is also said to be the location of a hidden treasure. The mention of Crocodile Creek makes Hook very nervous.
Blind Man's Bluff: Mentioned only when Tinker Bell is giving directions to Peter Pan's hideout.
Pixie Hollow: First mentioned in the Disney Fairies series. It is home to all the pixies of Never Land. All new pixies are born and learn their unique talent here.