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WMG / Pete's Dragon (1977)

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Elliot is actually Pete's deceased dad come back as his guardian angel.
  • Then the "other kid" could be another child of his. Or he realized now that Pete has a new family, he won't need him anymore and goes off to help other kids. It makes their good-bye that much more heartbreaking.

The next sequel (should it ever comes) will take place in the Present Day with another kid he's helping.
  • More or less; no sequel planned, but a reboot that may be a sequel at the same time.
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Pete is a Targaryen.

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