Pirate's eye (Lighthouse Ring in the UK) is an iPoint in Island Flyover.
The man-made hole located right under The Candle was named this because of pirates roaming the waters surrounding it. It also brings good luck (If you're lucky according to Island Flyover). You can only see this iPoint in Island Flyover and Power Cruising.
Trivia
Island Flyover Information:
- Daytime: “The elements have cut a perfect hole in the side of this cliff.”
- Evening: “Flying through the Eye is said to bring good luck. If you’re lucky.”
- Night: “Don’t worry--there aren’t any pirates in these waters!”