I haven't been keeping up with Deadpool, so him being king of Staten Island and having a bunch of monster buddies was all new info to me.

Wade discovers that one of his royal subjects is a mutant named Jelby. He plans to sneak into Krakoa by hiding inside Jelby's body, hoping that his dear old pals the x-men will reward him with his own krakoan gate and a cure for his cancer. He apparently attempted to contact Rogue several times, but never received a response because she was stuck in her magical coma in Excalibur.

Wade, Jelby, and Jeff the land-shark pass through the gate and are taken to meet Emma in the Quiet Council chamber. Emma informs him that his cancer can't be cured, and refuses to give him his own gate or a permanent residence, fearing that his recklessness will destroy Krakoa. However, Emma was convinced by Rogue to allow Wade occasional visits. An angry Wade storms off and tries to steal a Krakoan flower.

The "fascist" X-men attempt to stop him and a giant fight ensues until Rogue shows up to calm Wade down. She apologizes to him and offers a flower, but he refuses to accept her pity and is teleported home by Magik. Jelby betrays Deadpool and stays behind to become a citizen of Krakoa. Back on Staten Island, Deadpool creates a new law banning all mutants from his kingdom and Jeff barfs up a Krakoan flower, setting up Cable #3.