As Jack walked past the main stairway at the Genoa City Athletic Club lounge, he listened to a message from Nick. Nick told Jack that he should forget about them joining forces to invest in the Chancellor IPO. Jack was visibly perturbed. Katherine, standing on the landing, noticed Jack's reaction to Nick's disappointing message. Katherine phoned Nick and summoned him to the dining room at the club. After Nick arrived, Katherine told him that one-quarter percent of Chancellor's stock would be offered publicly. Nick thanked Katherine heartily after she explained that the Newman family was at the top of her list of families offered first choice of the IPO.
Nick told Katherine that he was concerned about the SEC's reaction if the Newman family invested in the Chancellor IPO. Katherine seemed unconcerned, and she praised Nick for his public goodwill gesture to reimburse investors after the Cayman bank failure. Nick explained that his efforts were costly, but Katherine maintained that his actions had paved the way for additional opportunities. Nick promised to deliver his decision after consulting his family. After Katherine left, Nick noticed Adam alone at the club bar. Nick approached Adam and teased him about not having any friends. Nick admitted he'd been conducting business, but when Adam asked if it was something he should know about, Nick replied flatly, "No."
Jack stopped by the tack house to see Nick, who wasn't home. Phyllis invited Jack in to discuss Patty, but Jack demanded to know why Nick had changed his mind about their plan to invest in Chancellor Industries. Phyllis claimed that she was to blame for Nick's change of heart, because she had confessed that she slept and Jack had slept together. Jack was obviously displeased. Phyllis explained that the day she and Jack made love on the sofa, Patty had watched through the window. Phyllis added that Patty believed that Jack was her husband and that Phyllis was a woman named Diane. Phyllis said that Patty had attacked Summer as revenge for "Diane's" actions. Jack supposed that Nick must hate his guts. Phyllis maintained that no one could claim moral high ground because Nick was sleeping with Sharon at the time.
Jack worried that Nick wanted to nail his "ass to the wall." When Nick returned, Jack said, "I guess we'll find out now." Phyllis quickly explained to Nick that she'd just told Jack what she'd learned from Patty. Jack cried that Summer shouldn't have been victimized for his mistakes. Nick seemed calm and insisted that they all should move forward. Nick added that he no longer intended to conduct business with Jack. Phyllis observed that Nick was Jack's last resort regarding the Chancellor IPO deal. Nick said that he wished he and Jack could salvage the bond they had forged years before , but that it was irreparable.
After Jack left, Phyllis massaged Nick's shoulders to help him relax. Phyllis mentioned how sad it was that Nick had shut the door on his friendship with Jack and their proposed business deal. Nick explained that Katherine had offered him personal shares in her IPO at lowered prices. Nick mentioned that he'd also run into Adam, who was likely hiding something because he'd been so cautious. Nick mentioned Thanksgiving, and Phyllis gleefully announced that she planned to cook. Nick was amusingly alarmed, but he kissed his wife and assured her that her turkey dinner would be good.
At the Chancellor mansion, Chance was jealous when Chloe announced that Billy and Mac had broken up. Exasperated, Chance said, "Don't sit there and tell me that you don't care because I know you do." Chloe responded that she certainly cared, because Billy and Mac had steamrolled her with their perfect, historic love affair, then expected her to step aside. Chloe added that she was happy that Billy and Mac's love affair had crashed and burned. Chance reminded Chloe that she seemed visibly distraught when she overheard talk of Mac carrying Billy's baby. Chloe insisted that she reacted out of concern for Delia, but Chance didn't believe Chloe and abruptly ended their date.
Murphy returned from his fishing trip early after he heard that Phillip was returning to Australia. After Murphy went upstairs to shower, Chloe told Katherine that Mac had dumped Billy again. Chloe added that she and Chance had witnessed the lovers' fray, and that Chance had accused her of overreacting. Chloe claimed that she'd wooed Chance all week, so she couldn't understand why he refused to believe she was no longer attached to Billy. Katherine insisted that Chance deserved honesty from Chloe, who Katherine claimed had had ducked behind sarcasm and smart remarks while hiding from the very thing she truly wanted. Chloe rolled her eyes in frustration.
Chloe visited Chance in his bedroom. Brooding, Chance claimed that Chloe could have handled her break from Billy better than she did. Chloe admitted that she loved Billy, and that it hurt when he walked away. Teary-eyed, Chloe apologized for having implied that what she and Chance had wasn't real. Chance held Chloe's face in his hands and kissed her. The couple sank into a sofa, so they could kiss and grope each other. Chloe put the brakes on their lovemaking and claimed that Chance wasn't fully healed from his knife injury. After Chloe left, Chance remained aroused but discouraged.
After Murphy rejoined Katherine in the sitting room, he said that while he understood Phillip's desire to return to Australia on Cane's behalf, he had chosen an inopportune time to leave because Phillip had just begun to reconnect with Chance. Murphy added that he didn't think that Chloe was right for Chance because she was drawn to bad boys like Billy. Katherine claimed that she had also been drawn to bad men in the past, but that she'd become comfortable with herself over the years. Katherine said that she supposed the painful experiences in her past had prepared her to recognize a good man when she saw him, and she kissed Murphy.
At Crimson Lights, Ashley's pep talk about love didn't ease Billy's pain over his break-up with Mac. Ashley explained, "When you can reveal your darkest secrets and not be afraid of the reaction you're going to get, that's when you've found your soul mate." Ashley invited Billy to Thanksgiving, but he declined the offer and said he'd work on his next magazine issue instead.
At Indigo, Billy lingered at the bar and overheard a striking blonde woman talking on the phone with her date. After Billy overheard that the woman's date had bailed, Billy approached the woman and introduced himself as "Liam." The woman said that her name was Kelly. She smiled and welcomed Billy's offer to buy her a drink. Kelly claimed she hailed from Manhattan and was a kindergarten teacher. Billy lied and said that he was a teacher, as well. Kelly flirted with Billy, and the couple retreated to the back alley to make love.
After Billy and Kelly returned to their table, Kelly admitted that she had used a fake name and had recognized Billy from his wild day in New York City. Admitting that she worked in publishing, the blonde-haired woman declared, "I always wondered if those stories were true, and now I know." After Billy's mysterious date left, Jack phoned and invited Billy to Thanksgiving.
At the Newman ranch, Adam was distressed when Sharon took over caring for baby Faith after the nanny left unexpectedly to attend to an ill relative. Faith rested peacefully in Sharon's arms, but Adam seemed uneasy and insisted that he shouldn't have put Sharon into such a position. Sharon assured Adam that she didn't mind looking after Faith. Adam insisted that they call off their date, so Sharon could go home. As Sharon ascended the stairs to the nursery, Adam, feeling gut-wrenchingly ill, exhaled deeply as he supported himself on the back of a chair.
After Ashley returned and learned about the absent nanny, she encouraged Adam to reconnect with his date. Adam worried that perhaps he'd begun dating too soon, but Ashley insisted that Adam give himself a chance and move forward. After Adam left, Ashley tried to soothe Faith, who fussed and squirmed in Ashley's arms. Jack stopped by later and remarked that Faith was sleeping like an angel. Ashley claimed that the baby was exhausted because she'd been very fussy earlier in the evening.
Ashley was reluctant to discuss her investment in the Chancellor IPO. Jack explained that he wouldn't be buying Chancellor stock because his deal with a business partner fell through. Jack rerouted the conversation to their family and Thanksgiving. Jack told Ashley that their relationship wasn't what it should be.
Sharon returned home, and Fisher, Noah's golden retriever, kept her company while Noah was out with friends. Fisher sniffed Sharon's clothing, and Sharon supposed that the dog smelled the scent of baby Faith. Sharon said, "That's the most wonderful smell in the world." Adam stopped by to apologize, and he explained that he hadn't been honest about why he'd canceled their date. Adam stammered as he claimed that he needed to divulge a secret. Sharon assured Adam that he could tell her anything because she was his friend. Adam claimed that they were more than friends as he grabbed Sharon and began kissing her.