Continuity mistake: Peter flies in and tells everyone of the new pirate Red Handed Jill and as he says, "She's just a storyteller," the small piece of watermelon, that looks as if it's been hacked already, is visible on the table. Then when he says, "I shall run her through!" he slams his blade into a large wedge of watermelon - its shape is very different (before the blade hits it of course). Other food on the table differs in consecutive shots within this scene as well. (01:04:30)
Continuity mistake: After Wendy admits to being Red Handed Jill, Peter walks towards her and begins to overwhelm Wendy with his blade and knocks her sword out of her hand. In the first couple of shots facing John, Michael and Lost Boys, they are positioned a certain way. Yet when Peter's blade is at Wendy's throat the boys are positioned very differently. (01:05:25)
Continuity mistake: After Wendy admits to being Red Handed Jill, Peter holds his blade to Wendy's throat. In the first close-up Peter grasps the hilt so the sharp curved edge of the blade points towards the knuckles of his fingers. In the second close-up his hand grasps the hilt so that the sharp edge points towards the palm of his hand. (This has nothing to do with how his wrist is turned.) (01:05:30)
Continuity mistake: When John realizes that he has forgotten his parents and that they must leave, Peter shouts, "If you wish it!" The positions of some of the kids differ in the front shots and back shot. (01:06:25)
Continuity mistake: After Wendy sees John, Michael and the Lost Boys tied up she gasps in a wide shot, in which the pirates are spread out all around. A pirate puts a gag at her mouth and in the next close-up three pirates gather just behind the kneeling boys as Hook walks by to talk to Wendy with other pirates gathered round. In the next wide shot there are no pirates directly behind the boys and everyone is positioned the same way as the previous wide shot, those three specific pirates are in three different areas. Other pirates are in completely different spots as well between the close-up and following wide shot. (01:10:00)
Continuity mistake: Hook sneaks into Peter's hideout while Peter sleeps in order to kill him. In the first close-up Hook tries to reach Peter, who's lying down, as Peter mumbles in his sleep. In Peter's second close-up he is in a completely different position as the poison drops into the water. As he wakes with a start in his third close-up, Peter is lying in the same position as the first close-up. (01:10:45)
Continuity mistake: When Tink flies into the nursery she zooms to the bookcase, knocks down the books, one by one, from the top shelf and the last thing to fall is the statue bookend. In the next close-up the Indian bookend lands last, but it's not the same one that fell in the previous shot. (01:12:35)
Continuity mistake: As Peter and everyone sing, "I do believe in fairies. I do! I do!" he lifts Tink off the ground in the palms of his hands. In the close-up of Tink, Peter's hands are muddy and dirty, yet, in the next shot of Peter they are perfectly clean and so forth. (01:16:50)
Continuity mistake: When Hook has Wendy tell him the story of Peter Pan a pirate says, "I need a Wendy," and Hook shoots him. Then Smee says, "Very exciting. Two dead already," Hook does not put the gun away in the background, yet in the next shot he has no gun in his hand. (01:18:15)
Continuity mistake: When Wendy tells her story while tied up on the Jolly Roger, there is a front close-up of Noodler who raises his 'left' hand to ask, "Was one of them pirates called Noodler?" Then there is a back shot of Noodler who is still raising his hand, but it is his 'right' hand that is raised and then moves to the front of his body. It is not the wart pirate's hand in the back shot, whose hand is on Noodler's shoulder in the next front shot. (01:18:15)
Continuity mistake: When Wendy is tied up aboard the Jolly Roger the amount and/or position of rope around her differs greatly between shots. For example, when Hook shoots Noodler it's wound around 6 times - on her left it's 3 over the wood and 3 under, yet when Hook cuts the lines it's wound 5 times - on her left it's 4 over the wood and 1 under. (01:18:20 - 01:19:20)
Continuity mistake: Aboard the Jolly Roger after Hook questions Wendy about the stories, he slices her ropes and holds his hook to her neck. The way he holds her differs depending on the camera angle. (01:19:25)
Continuity mistake: When Wendy walks the plank she stands at the edge and as the camera faces her the brilliant sunlight from behind her highlights the plank and casts a long bright shadow in front of her, contrary to the dark wood plank in the overhead shots. (01:20:10)
Continuity mistake: Aboard the Jolly Roger, when Wendy walks the plank in the close-ups the knot of the blindfold around her eyes is at the right side of her head, yet, in the overhead shots the knot is at the back of her head. (01:20:10)
Continuity mistake: In the scene where Peter ducks down next to the Lost Boys, we see Hook look at the boys and Peter is in the far right, but as Hook comes closer, Peter is now in the middle (it would have been impossible for him to slide into the middle because Hook would have noticed it). (01:22:45)
Continuity mistake: The scene after Hook gets swallowed by the crocodile Peter puts on the hat that Hook tossed into the water earlier. But in the close up shots of Peter, the hat with its feathers look perfectly dry, contradicting the very loud splash it made when it hit the water. (01:23:40 - 01:33:35)
Continuity mistake: On the Jolly Roger, after Hook tells the others, "He's mine," and Peter shouts, "Now," we see Wendy bursting through a closed door and surprising the pirates. In the next shot we see Wendy bursting through the closed door again from another angle and her hair is different in both shots. (01:24:10)
Continuity mistake: As Michael points a sword at Smee on the Jolly Roger, in the close-up Smee hangs the jewels on Michael's sword and takes both guns out and shakes them around. Then in the side shot the jewels hang differently and he takes both guns out again. (01:24:45)
Continuity mistake: Aboard the Jolly Roger, in the very next shot after Smee jumps overboard, Peter twirls his sword in mid-air and catches the hilt. This is not the same sword he uses in the previous or following shots. This sword doesn't have the gold hand guard, so as to be able to catch it easily. The hilt on Peter's sword is in the shape of a leaf and the hand guard is the leaf stem. (01:24:50)
Continuity mistake: In the battle scene on the ship, Hook throws Peter's sword into the air and Peter catches it with his left hand, but in the next shot a second later it is in his right. (01:25:00)
Chosen answer: It's blue. Source: www.jeremysumpter.com.