Relation to Peggy Sue
Peggy Sue is a wild horse found early in the game in the phantom world. He is tamed by the hero and Carver so that the wagon can be used. Much later in the game, a statue of Pegasus is found at the top of the Pegasus Tower. Peggy Sue merges with the statue to become Pegasus, the legendary flying horse.
 Transport to the demon world
Pegasus is controlled by the Reigns of Pegasus which are given after freeing him from his statue. While flying, the game uses the mode 6 graphic capabilities of the SNES. Pegasus also has the ability to fly directly to the demon world, and is the only method of reaching it.