December 12, 1988 12:00 PM

THE BUCCANEER STOPS HERE: Peter O’Toole, who travels the globe for his work and was a notorious drinker before he turned teetotaler, says he has finally accepted his limitations. “I’ve passed 50 years, and the moment has arrived to live, work and act on a minor scale, to stop being a vagabond,” O’Toole, 56, told Italy’s II Messaggero. “I’ve been among the palms, in the tropical forests, in the desert, on the mountains, on the rocks and in the alleys. Now the pirate ship is on the bottom, after all the traveling and sacking. It will be henceforth, ‘Yo, ho, ho, and a bottle of mineral water.’ ”

STRANGE EVOLUTION: Writer David Saperstein, who wrote the book on which the 1985 movie Cocoon was based, has discovered that not all movies are created sequel. “Twentieth Century Fox went ahead and made a picture without me,” says Saperstein of Cocoon: The Return. “Someone presumed to know what was in my head. But they’re wrong.” Saperstein has just published his sequel, titled Metamorphosis. Though the studio had the contractual right to make its sequel without him, Saperstein is unhappy. “I don’t think it’s happened before—a living author has a sequel, and a studio goes ahead and does its own.”

FORLORN CONCLUSIONS: Virginia (Slamdance) Madsen wasn’t always a sexy siren, but that didn’t prevent her from acquiring a reputation while growing up in the Chicago suburbs. “For some reason I was always asked to these bashes in big Risky Business—type mansions,” she says. “I never drank, but I always found myself taking care of some drunk girl throwing up in the bathroom. Or else I was the confidante for some lovelorn boy. I gave good advice, but we’d emerge from the room where the talk took place, and other people would think we had just finished having sex. It was nudge, nudge, wink, wink. Little did they know that I didn’t lose it until years later. I was the only student at New Trier High who got through [a virgin],” adds Virginia, class of 1979.

PILLOW TALK: Her pulp novels are often as steamy as a laundry in July, but author Judith Krantz’s domestic arrangements, were someone to sneak a peek at her boudoir, appear positively chaste. “In nearly 35 years of marriage I’ve never slept in the same bed as Steve,” says Krantz in London’s Evening Standard, of her producer husband. “He moves around a lot in the night and the slightest sound wakes me. He snores a little too and grunts occasionally, so I wear earplugs. I sleep so badly I have to take every precaution, so we’ve always had twin beds.”

POST-PRODUCTION BLUES: Comedian Dan Aykroyd may have made his reputation on Saturday Night Live, but he says he could never do live television again. “The tension and stress were just too much,” says Aykroyd, who is starring in My Stepmother Is an Alien. “We were so wound up from the job that at 1:30 A.M. we would have these parties at blues bars. They’d last until 11 the next morning. That was the only way we could come down. I’m glad those days are gone.” But, he adds, “[those parties] were definitely a factor in John Belushi’s demise. Start with his appetite for life and for food, drink and drugs…having people there constantly offering stuff, and in the temptation of that stuff, John was just weak.”

MIAMI ICE: Don’t think the apparent contradiction of having an ice show in Miami Beach has thrown figure skater Scott Hamilton for a loop. Referring to the prevalence of cocaine on Miami Vice, Hamilton jokes, “I really don’t think it’s an odd place at all, because if you watch television on Friday nights, it seems like there’s more snow in Miami than in Colorado. But I love Miami,” the balding 30-year-old skater adds. “It’s one of the few places where I have more hair than anyone else.”

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