Fans barely had time to catch their breath after Stranger Things Season 5 Volume I before the first full trailer for Volume II dropped during Good Morning America.
With only three episodes left before the show’s finale airs on December 31 at 8 p.m. EST, viewers are on the edge of their seats for the next chapter of the story.
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Volume I, which premiered November 26, 2025, left viewers with several major cliffhangers as the threat from the Upside Down intensified. Will Byers had the biggest jaw-dropping moment when it was revealed that he could somehow siphon Vecna’s powers, a callback to the connection that has followed him since the earliest days of the series.
Eleven also made a huge discovery when she and Hopper, who had broken into the military’s headquarters in the Upside Down, discovered Dr. Kay had been holding Kali prisoner. Mike, Lucas, Joyce and others worked to save the younger kids in town from Mr. Whatsit, and the older teens including Steve, Nancy and Jonathan remained split between rescue attempts and escalating danger in Hawkins.
Netflix has confirmed that Volume II will consist of the next three episodes in the season, with the finale itself premiering separately on New Year’s Eve. Early reactions to Volume 1 have focused on how strongly the season ties back to the show’s original mythology and the bonds formed in the earliest episodes.
In the new trailer, the stakes continue to rise. Max and Holly are still stuck in Vecna’s mindscape, but they find a mysterious door that might lead to their escape. Meanwhile, Steve and Dustin appear to stumble upon what appears to be a vortex type of portal, that might be the center of everything.
“This whole time, everything we have assumed about the Upside Down has been dead wrong,” Dustin says.
With Volume 2 dropping ahead of the finale’s New Years Eve debut, today’s trailer gave fans their first look at how the story picks back up from Volume I’s cliffhangers. Online speculation is already spiraling about potential character fates and how the show plans to close out Eleven’s connection to the Upside Down once and for all.
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