There’s an island within a lake that is situated on an island located in a lake on an island in the Philippines called Vulcan Points. But, it’s not the largest such island. Vulcan Points is about 50×80 meters in size (about 164×262 feet). “The largest island-in-a-lake-on-an-island-in-a-lake-on-an-island in the world ” title belongs to an island named Third Order Island: it’s about 110×120 meters in size (about 361×394 feet). Third Order Island is located in an unnamed lake that is situated on an unnamed island that is located in an unnamed lake on Victoria Island, Canada.
