Jack was feeling deserted by Liz since her newfound relationship. He told her that she should have been there for him during the fireworks fiasco. Jack's attention turned when he became smitten with a beautiful woman who began a conversation with him.
Liz and Floyd joined Jack for dinner where Jack broke the news that the top execs were taking away Jack's title of being the head of microwave programming. Floyd tried to cheer Jack up by insisting the company was making a huge mistake.
Liz was having a problem with Jack's new fascination with Floyd. It was almost like Floyd was dating Jack instead of her. Jack surprised Liz with tickets for her and Floyd to go to the Knicks game, only to find out that it would be sharing box seats with Jack.
Tracy wanted to do a movie about his ancestor, Thomas Jefferson. But the studio wanted him to do a sequel to Fat Bitch. He decided to take it upon himself to create his own movie trailer to show the execs at the top that he could do a serious drama about Jefferson. His film idea still got nixed.
Jack and the woman he had met earlier, Phoebe, had begun to date. This thankfully relieved Liz from sharing Floyd with her boss. Liz was then surprised again when Jack turned around and proposed to Phoebe, who was waiting in the hall. Phoebe accepted and Liz remained speechless.