Most of you have seen the advertisement that Aunt Arctic, the Club Penguin Times publisher, put up on one of her pages of the newspaper. This is the advertisement that was inside the newspaper:

Everyone has their own opinion of what this advertisement is about. If you check back on the 245th issue of the Club Penguin Times, one of the upcoming events is the the Underwater Party which starts July 23.

If you read closely, it says “Dive into adventure and cause a splash at the stage!”. With this information, we have two conclusions. We can either say that there will be some game upgrades for “Catching Waves” at the Cove or there will be some special events happening at the stage! Here are some ideas from other people:
Nephi5: Sounds interesting. It’s time to get wet! It will be more fun if there will be a surfing competition between other penguin’s the winner get the price. There will be picture taking underwater.
Freze46751: I think it will be a new underwater room where we can swim with a surfboard and that room is under the iceberg.
Reece 01: It might be a multiplayer mode for catching waves or it might be for the giant-squid that was seen at the adventure party.
Wiggy1223: I think you guys are all wrong.. It’s probably for the new ‘stamps’ feature. It said end of the month and 26 is near the end.
Acelighting: It might the start of the water journey at the dojo, so you can get the water pearl on your amulet.
Pengu92908: It’s just a little information about Underwater Adventure, that’s all. You guys are thinking a lot. It will be an ordinary stage play!
Jessa 1812: Well i think the stage has nothing to do with it because its the under water show and its all about water so make a splash. But maybe it has something to do with last years festival of flight, the carnival.
We don’t know what is really going to happen but this is what we think. Comment with a realistic thought and we might be able to share it!