The set contains SpongeBob and Patrick dressed in pirate costumes, along with the Flying Dutchman. In addition to the characters, the set includes the Flying Dutchman's ship, along with an island. The ship includes a plank, treasure map, two cutlasses, a shovel, and a bag of souls. The island resembles a stereotypical Caribbean island with trees and decor.
It has three minifigures, SpongeBob pirate, Patrick pirate, and the Flying Dutchman. It has 241 pieces and includes the Flying Dutchman's ship, a cannon, island, and a treasure chest.
- This is the only LEGO set that includes the Flying Dutchman.