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This is the first book in the Percy Jackson and the Olympians series, and it has fired the imaginations of teens for the last year or more! It's been called "the next Harry Potter", and there are still dozens of holds in the queue. I read it shortly after Gaiman's American Gods, which has a similar premise: that ancient gods and Olympians are alive and unrecognized in America except by special individuals. And they still fight and cause trouble.
Percy, age 12, has been expelled from six schools in six years for causing serious trouble. In desperation, his mother has finally decided to enroll him in a summer camp for exceptional children. She's been putting it off in order to keep him close to her for a little longer. On the way, their car explodes and his mother is killed by a monster who has been following them. Percy barely manages to hike the rest of the way into camp.
He learns that all the campers including himself - are sons and daughters of one or another of the Olympians and a human parent. He also learns that Zeus's master thunderbolt has been stolen, and a war is brewing between the Olympian factions. Because his father is implicated, Percy is sent on a quest to find and restore the thunderbolt.
Foreshadowing and hints liberally placed throughout the text, while maybe a little obvious to an adult reader, make the younger reader feel pretty smart for figuring out the allusions and guessing plot twists. The prose is spare, descriptive, and contemporary. I can understand why readers are still lining up to read the rest of the series.