In Gary’s dorm, Andy and Vange, in a phone book, find the address of Bruce McGorrill: 15 Playland Parkway'''. At the unpeopled amusement park, they run into Bob McGorrill, brother of the late Bruce. Having bought Playland, Bruce climbed a huge Ferris wheel to fix a cable; slipped, and fell to his death. Bob leads the two to a short, cylindrical lamp post; unscrews the cap, and hands Andy a neatly folded piece of brown paper. Bob suspects it to have something to do with Bruce's suspicious death. On the paper, beneath a rectangle and triangle, is a street address - Bruce and Bob's childhood home.
At the chipped door of 249, Andy rings the bell, to no avail. From inside, the Waif Kid peeps through a window. In the overgrown, trolley-strewn backyard, Andy realises the paper’s image to denote the yard’s disused well. With the rope tied around Vange’s middle, Andy carefully lowers her into the depths of the well. Through the well echoes a deep gurgling growl. From a hollow in the stonework, Vange grabs a misplaced rock, behind which lies… a piece of record! Andy cranks the pulley. Beneath her, in the darkness, shimmers a disk of glowing silver. Within it is the shape of an ephemeral face. At the brim of the well, Andy grabs Vange, and pulls her to safety. On the record is the message "know your true enemy".
Back in the dorm room, Gary plays the record. The recorded voice of Bruce urges the Midnight Society to destroy the insidious Silver Sight. They ponder the clues: "Listen to the music, not all the eyes are brown, it’s a race that has no winners, with many ups and downs, know your true enemy." That evening, the six of them march to Playland. In the silent park, before a large carousel, Andy explains his theory. Megan finds a single horse’s eye to be painted blue. Tucker takes a coin, and scrapes away some of the paint. Beneath the dry paint, the embedded orb is indeed silver. Tucker eases a finger towards it - it's warm. Megan reaches forth a finger. On contact with both their fingers, the orb slowly exudes a pulse of deep white light. Together, they all touch it. The small silver orb falls into Gary’s hand.
The carousel is suddenly lit by hundreds of yellow lights. To merry organ music, the horses whirr into motion. Suddenly, one of the rotating horses bounds into view to reveal, astride its back, the grinning Waif Kid. With a cackle, he jumps off, and gives a mocking round of applause. They've passed the test - the Silver Sight, with its power to topple any obstacle to their any desire, is now theirs. Towards them, across the carousel’s platform, strides General Candle. The Waif Kid skitters urges them to name the General as their enemy. The Waif Kid, says the General, is a demon, who traps souls in the Silver Sight. All of the old Midnight Society used it. Gene eventually tried to destroy it, and his heart gave out. Onto the scene hurry Grandma Aggie, Bob McGorrill, Vince and Mr Gregory.
Gary declares the true enemy to be the Waif Kid. From Gary’s palm, the small silver orb rises slowly into the air, and glows brilliant silvery white. With a thunderous rush, it ignites a huge, spreading ring of bluish white light. This disintegrates, to form numerous, flying luminous wisps. They brighten, and intensify into ethereal human shapes. One of them, whose face has turned to that of a skeleton, inspects the Waif Kid, as do its fellows. With a distorted, inhuman screech, the eyes of the Waif Kid turn black. With a flash of bluish white, his body ripples and grows into that of a long-haired, pointy-toothed, corpse-faced, elderly man. The spirits fly into the demon. With a scream of rage, its human body ripples, warps, and compacts into a final flash of light, which quickly fades.
The carousel then reactivates. Astride its horses are blurred, merrily laughing figures. Each clothed in the fashions of a different era, they partially solidify, send looks and waves of thanks to Gary and friends, and fade from view. The carousel dims its lights, and stops. Grandma Aggie hurries over, and hugs Gary in relief. The Silver Sight, drained of power, has vanished. The old and new Midnight Society slowly leave. Gary lingers. Between two horses stands a lone, solid figure... Grandpa Gene. Gary looks to his Grandfather, who gives him a grateful smile, a wave, and fades from view. Gary rejoins the others.
Deep in the woods, around a campfire, five youths, having gathered to share in tales of the supernatural, hear the conclusion of Gene’s latest offering: the demon never trapped another soul, because the Silver Sight was destroyed forever. But nothing like that could ever happen to them... could it?
This episode provides examples of:
- Ambiguous Situation: The epilogue, in which the original Midnight Society hear a story of the discovery and defeat of the Silver Sight, may imply either these episodes to be a glimpse of a potential scenario anticipated by Gene, or some kind of spiritual replay of events, in which, finally free of the curse, the original Midnight Society examine its horrors in story form.
- Call-Back:
- Playland, introduced in Betty Anne’s "The Tale of Laughing in the Dark", is revealed to have been inspired, In-Universe, by a real amusement park.
- Bruce McGorril is said to have been fond of riddles.
- The Final Temptation: Attempted by the Waif Kid, with promise of the Silver Sight to remove any obstacle to the greatest desires of its wielder. While the original Midnight Society didn’t know of its evil, the more recent members aren’t so easily swayed.
- Humanoid Abomination: The Waif Kid, denied the sustenance of captured souls, swiftly grows into an elderly man with a corpse-like face.
- Shout-Out: The emergence from the Silver Sight of serenely blue spirits whose faces recede to skulls recalls Raiders of the Lost Ark.
- Your Soul Is Mine!: On violent fulfilment of the desires of its wielder, the Silver Sight imprisons their soul within its small, silver, spherical confines.
