I'm not entirely sure which specific 'zelda the never ending story' you mean. There could be a fan - made Zelda story with that title. Generally, Zelda games often have complex and rich lore, so if it's related to the official Zelda franchise, it might involve things like Link's adventures, rescuing Princess Zelda, and battling the forces of evil in the land of Hyrule.
If it's a non - canonical Zelda story, the main characters could still be inspired by the original. Link would be the protagonist, with his trademark green tunic and sword. Princess Zelda might play a key role as well, perhaps with new abilities or a different backstory. There could also be other characters like Ganon or his minions in an antagonistic role, but again, it depends on the specific nature of this 'never ending story'.
As far as I know, there may not be a 'Never Ending Story 3' officially released. But the film industry is always evolving, and new projects can come up unexpectedly.
It could refer to a very long and perhaps convoluted narrative that seems to go on without end, like an epic saga with countless sub - plots and characters.
As of now, I'm not sure if they are remaking 'The Never Ending Story'. There hasn't been a lot of buzz in the mainstream media about it recently. But in the world of Hollywood, anything is possible. They might be planning it in secret or it could be in the very early stages of development that we don't know about yet.
A 'never ending story' is a tale that seems to go on indefinitely. It might be a story that loops back on itself, or has such an open - ended nature that it can't really be said to finish. For example, some epic fantasies have such vast and complex worlds that new stories within the world can always be told, making it seem like the overall story never ends.