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Jano eventually meets with Rayman as he nears the treasure trove and gives chase, leading Rayman into a large corridor where he must avoid Jano's attacks and use the skulls he emits to press through. Eventually, he makes it to the treasure, where Jano congratulates Rayman and offers itto him. The player is then given the choice to accept or decline Jano's offer, accepting will lead to a short cutscene depicting an overweight Rayman lounging on a small island, and an alleged "end" to the game. The cutscene ends by cutting back to the choice. Declining the offer will cause Rayman to be returned to the Marshes, and Jano will reward Rayman with the Elixir of Life for making the right choice and not succumbing to greed.

Rayman then returns to the Menhir Hills, and gives the Elixir to Clark. Clark is reinvigorated, and helps Rayman progress further through the facility. Rayman then parts ways with Clark at the exit of the facility, and finally leaves the Menhir Hills via a walking shell.

Rayman meets Clark in the Menhir Hills.Beginning the search for the second mask, Rayman finds himself in the Menhir Hills, where he learns to tame and ride walking shells. Moving further in, Rayman meets with Clark the Giant in the Elite Troop Training Center, who has become ill after accidentally swallowing a Robo-Pirate part during a battle. He asks Rayman to retrieve the Elixir of Life from the Cave of Bad Dreams, and stresses to Rayman that he needs to remember the name in order to enter.Rayman then returns to the Marshes of Awakening, where Jano now allows Rayman to e Jano and then transported to the Cave of Bad Dreams, and is challenged to find the treasures within before Jano can catch him.

Rayman next finds himself in the Marshes of Awakening, where he frees Ssssam the Watersnake. While Ssssam is unable to aid Rayman in locating the masks of Polokus, he does know where the Pirates took Globox, and aids Rayman in crossing the Marsh by allowing him to water-ski across. There is also a side-path that the player may go through, where they will encounter Jano, who is guarding a Spiral Door. At this point in time, he will refuse access to the door, as Rayman does not know where it leads, which is the requirement for passing through.The next level is the Bayou, a similar swampy location that Rayman must traverse on foot. Admiral Razorbeard is concerned by Rayman's progress, and despatches several Warships to destroy him. Razorbeard eats a Yellow Lum, reducing the number of extant Yellow Lums from 1000 to 999. At the beginning of the level is a side-path where Rayman can find a hologram of

Rayman decides the best course of action is to find Ly, and travels through the Woods. He comes across Murfy, who serves as Rayman's guide throughout the game, and three baby Globoxes. Rayman sadly informs them of his separation with Globox, much to the babies' dismay. Rayman promises that he can find them, but stresses his need to find Ly, the babies then inform Rayman that Ly had been taken deeper into the Woods by the Pirates. Traversing deeper, Rayman frees the Grand Minimus Teensies locked in a cage at the end of the area. After bickering amongst themselves about who among them is their King, they tell Rayman of the Pirate's locking of Ly in a stronghold within the Fairy Glade. They will allow Rayman access to the Hall of Doors (Isle of Doors in the Dreamcast and 3DS versions), for the cost of all the Yellow Lums contained within the Wood. Once collected, a Grand Minimus creates a Spiral Door, and Rayman exits the area through it.

After the opening sequence, it is revealed that Globox was captured by the Pirates, and reunites with Rayman aboard the Buccaneer, the Pirate's Prison Ship. Having fallen to despair, Rayman's hopes are restored when Globox gives Rayman a Silver Lum given to him by Ly. The Silver Lum gives Rayman the ability to shoot with his fist, which Rayman uses to destroy a nearby vent, and escape with Globox. The two become separated after falling from the ship, and Rayman eventually finds himself in the Woods of Light.Finding Ly