The owner of the journal is Dipper Gleeful. No one knows where he found it. But it is more powerful than Journal 1 and 3.
No one also knows that Dipper is the owner of the journal. Sometimes, he keeps the journal by his powers. It has also been revealed that Dipper changes his attitude when he is reading the book. Maybe because it has affected him. Journal 2 never lies. Some pages contains Dipper's secrets and codes. No one can see him while he is reading the book. He is turning himself into invisible. But one day, Mabel caught him reading the book.

Some pages may be:

  • Summoning Will Cipher
  • Spells
  • Enchanted Amulet
  • Potions and Poisons
  • Witch-Tracking
  • Hand Witch
  • Death Ray
  • Torture Fairies
  • Dream Demons
  • 2nd Dimension
  • Basilisk
  • Petrified Trees
  • The Zodiac
  • Unreliable Temporary Spells That Will Probably Fail You