"Brooklyn" enters a Skating Competition with the hopes of winning a trophy to give to her parents as an anniversary present. "Malibu" teams up with Rocki to increase their chances of winning.
Barbie loses her job at the waterpark, but decides to end on a high note by directing a play with Skipper. Meanwhile, Blissa the cat gets wished into a dragon while Teresa babysits Chelsea and Stacie.
Chelsea wishes Elvy, a magical creature that is looking for unicorns, from a book to life. Barbie and Barbie look for Dru Charles, an author with clues about where Peggy may have come from.
Rocki tricks Skipper into auditioning for a reality TV show in order to steal Peggy. Barbie and Barbie are shrunk to tiny sizes and must escape Tiger to warn Skipper.
Peggy and Rocki go to a mysterious island so that Peggy can accomplish her mission. Barbie, Barbie, and Ken are in hot pursuit, with Trey and Skipper not far behind.
Still trapped on the island, Will the Lizard Wizard puts a spell on Ken, "Brooklyn," Skipper and Trey so he can see their dreams. Meanwhile, Rocki and "Malibu" look for Will.