you buy it in cysero's shop with dragon coins
cysero's pet orb in his store gives you the platinum penguin shrink ray
go to cyseros shop and go left until you see the green ball thing and look for it [hint this olny works if you have dragon coins].
you get it from cyseros orb
The Sneevil missions in Oaklore have a rare chance of giving it as a reward.
Hide behind the round mirror.
You must first buy a Linus from Gram's (costs gold) and then either buy a royal penguin shrink ray (DCs) or get it from one of the sneevil quests in Oaklore. It is an EXTREMELY rare drop, as in my freind tried over 100 times and didn't get one while I tried it 3 times and got one.
MrSilva has the shrink ray he is the one who stole it and shrinks you
A 'shrink' ray is imaginary . . . it does not exist, nor can one be built.
Duck under all the objects that are bigger than you.
I don't think you jump into bubbles in Shrink Ray Island!
you get shot by a shrink ray in c.j.'s House and therefore you are shrunk.
you try to avoid being hit by the shrink ray gun