In jail after his escapade at Ellen's party, Geoffrey is visited by the ghost of his dead mentor Oliver, who cousels him on the danger of trying to ignore his past feelings for Ellen, the woman who once broke his heart. Meanwhile, Holly and Richard work on their merchandising scheme, which involves a Shakespeare themed village of retail stores. Geoffrey is finally forced to fire Darren as director, to the relief of the cast but the worry of the Board of Directors.

It's opening day and the play's leading man, in a low ebb of self-esteem, has gone missing. Richard is revealed as a traitor to the company of actors. Ellen reveals to Geoffrey what really happened that night 7 years before. With Kate's help, can the play go on?