After summoning Nick to the G.C.A.C., Katherine explained that she was taking 25 percent of Chancellor Industries public and offering a very select group of friends and colleagues, the Newmans included, a chance at buying some shares. Nick was honored but Kay also mentioned that she still had to wait for the S.E.C.'s approval. Nick said he would talk over the possible stock purchase with his family and get back to her.

Billy told Ashley that he would be working at the magazine on Thanksgiving. Later, a lonely Billy bought a drink for a woman named Kelly at Indio. She said she was kindergarten teacher in New York City and he fibbed that he teaches junior high history. After some small talk, Billy and Kelly decided to have sex. After, Kelly admitted she works in publishing and used to see Billy around Manhattan at the clubs. She was curious to see if those rumors about him were true and bragged, "Now I know." Billy tried to get her to stay but she left.

Adam covered his panic when he saw Faith in Sharon's arms. He suggested that she put Faith to bed and they call it a night. Sharon was a little confused by his reaction but agreed. After Sharon left, Ashley came home and urged Adam to go after the woman he cares about. Meanwhile, Sharon returned to her empty house.

Phyllis told Jack that she confessed their one night stand to Nick. Phyllis explained that Patty saw them together, which incited the wacko to harm Summer. Nick came home and Jack apologized for Summer getting hurt because of his actions. Nick said it was time that they all moved forward but he didn't want to throw in with Jack about the Chancellor IPO. Nick also lamented that he could never trust Jack again and that their relationship is beyond repair. After Jack left, Nick filled in Phyllis on Kay offering him Chancellor stock to buy.

After observing Chloe's joyful reaction when Bill and Mac broke up, Chance confronted her about still having feelings for her ex. She insisted she didn't, but Chance wasn't convinced and turned in. Kay came home and Chloe related her latest romantic snag with Chance. Kay advised Chloe to lose the flippant attitude and to be honest with Chance about her feelings. Later, Chloe apologized to Chance for not reassuring him that she valued their relationship. Chance got frisky but Chloe put the brakes on because he was still recovering from surgery.

Murphy came home from his fishing trip and Kay caught him up to speed on Phillip returning to Australia.... A dejected Jack, still smarting from his encounter with Nick, discussed Thanksgiving plans with Ashley. Nick looked forward to a hassle-free holiday dinner with Phyllis and Summer but sans Adam. Adam showed up at Sharon's house and confessed that "friends" is not what he would call them. He then surprised Sharon with a passionate kiss!