Pete, a young orphan, runs away to a Maine fishing town with his best friend a lovable, sometimes invisible dragon named Elliott! When they are taken in by a kind lighthouse keeper, Nora, and her father, Elliott's prank playing lands them in big trouble. Then, when crooked salesmen try to capture Elliott for their own gain, Pete must attempt a daring rescue.
Characters are occasionally seen drinking alcohol.
There are some scenes with mild comic violence and slapstick humor.
Some mild language and name-calling.
Some mildly intense scenes involving the dragon might be slightly scary for very young children.