Waldo and Wenda accompany Wizard Dustybeard on his latest archaeology expedition to find the Lost Chamber of Magic Keys; Odlulu is on their tail, and the Wanderers must navigate a hidden pyramid full of tricks and traps.

The Wanderers travel to Madagascar to get fresh vanilla for Wizard Flambé; Woof playfully takes a key and starts a game of game of catch-me-if-you-can; they must catch Woof before the entire island of Madagascar is turned into a bouncy house.

Odlulu is on the hunt for the Wind Key so she can use it as the world's greatest hair dryer; however, the Wind Key is too powerful for Odlulu to handle, so Waldo, Wenda and Whitebeard head to Norway to locate the key before Odlulu can find it.