Childhood is a time of hope and promise. As one ages, memories may evolve into something completely different from reality. As adults we can only look back on who we think we were, but children live in the moment.
The Lost Boy references the folk tale of Peter Pan, a story in which a boy struggles with the inevitability of growing up. In an act of defiance this boy washes himself with mud in an effort to hide from his destiny, but ultimately comes to the realization that adulthood is inescapable.
The images represent the transition from childhood to adulthood the black and white imagery to emphasis the quality of coolness which contrasts with the warmth of childhood memories.