This is the first recapitulation episode, covering the first five episodes with only the difference being that the episode follows the manga storyline and begins with Luffy and Shanks at the bar. Also, in the ending, the current Straw Hats have a small conversation about their goals. The episode released later in a DVD along with a TV Special Adventure in the Ocean's Navel.

The Straw Hat Pirates stumble upon an enormous hole in the ocean, at the bottom of which lies a mysterious island known as the "Ocean's Navel". The Straw Hat Pirates resolve to find the island's treasure, which can supposedly grant any wish, but the island's inhabitants possess agendas of their own for their new guests...

As with all of the anime's TV Specials, this story is considered non-canon with the main storyline of One Piece. Chronologically, it can be placed anywhere after the Arlong arc and before the Warship Island Arc.