Larrrst & Found
While you're walking around the docks, you spot a barrel with a wooden box on it, and a forlorn-looking parrot perched on the side of the box. Closer inspection reveals this to be a "Larrrst & Found".
Poking through the contents of the box, you find all the usual pirate junk you'd expect -- hooks, eyepatches, big hoop earrings, and so on -- as well as a Jolly Roger keychain with no keys on it, just a little wooden stick.
Oh, wait... is that a pegkey? Weird.
|You acquire an item: peg key|