Recap: The police have arrived on the scene of Fallon's car accident and are studying the remains of her smashed up car. Jeff pulls up, sees the wreckage, and moans, "Dear God, let her be all right." He races over to the ambulance, but is startled when he sees that the only injured person being treated by paramedics is the truck driver who hit Fallon's car. He runs over to her smashed up car and tells police that the woman who was driving is his ex/future wife. The policeman says there's no trace of her anywhere, then invites Jeff to sit in the back of his squad car so they can put their heads together and figure out why in blazes Pamela Sue Martin would voluntarily leave her lucrative Dynasty role for what ended up being a pretty disappointing acting career.
Over at Carrington manor, Blake is staring worriedly out of the bedroom window when Krystle enters the room and tells him she finally cleared the mansion of the last of the wedding guests. Blake grumbles about how much he hates waiting around and wishes he'd gone with Jeff instead of just uselessly standing in his driveway and getting rained on while yelling, "Fallonnnnn!"
At the local courthouse, Dex and Steven are bickering about the best way to handle Alexis's arrest. A few minutes later, she's brought in, still decked out in the off-the-shoulder poofy red gown she wore to Fallon's wedding, and stands before the judge. She haughtily complains to him about the indignity of being forced into a cell with a bunch of wretched women, and the judge tells her to shut it so they can sort out her bail. He tells the prosecutor and defense attorney that while he thinks the basics of the case are sketchy at best, he believes the police had good reason to arrest her, then sets the bail at $2 million. Alexis gasps and asks Dex how fast he can come up with that kind of cash, and he says he'll have it in an hour or so and gives her a reassuring cheek kiss. Alexis then turns to Steven and poutishly contorts her lips as she breathily coos, "What's happening to us? To Fallon?" then presses herself against him and stares perplexedly into space.
Over at Carrington manor, Sammy Jo holds a framed photo of Danny and rhetorically asks Adam why she ever agreed to give up custody of him. Adam suggests she find a way to share custody with Steven, then shrugs disinterestedly at her predicament and says he should prolly go upstairs and find a way to comfort Blake during this difficult time. Sammy Jo pleads with him to stay with her and sexily purrs, "I think about you day and night" ... and Adam looks momentarily intrigued by being wanted so badly by such a smokin' hot skanklet - but makes it clear he's not interested in them hitting the sheets 'cause he doesn't want to incur the wrath of Steven. Sammy Jo says they could always doink in secret, and he chuckles and jokes about that being "the wine talking", then beats a hasty retreat.
After posting bail, a weary looking Alexis arrives at her penthouse with Dex and Steven. She asks Steven to please keep her updated about Fallon's disappearance, then lights up a cigarette to decompress. She moans to Dex about how tired, drained, and depleted she is, then breathily implores him, "Hold me. I need you tonight" and Dex indulges her with a super tight hug.
Back at the mansion, Jeff wanders into the kitchen, where Blake is pouring himself a cup of tea. Jeff informs Blake that Fallon's smashed up car was found by the side of the road, but that there was no trace of her. Blake suddenly gets all snappish and demands to know if he checked with the local hospitals, then admonishes him for giving up on the search so quickly...and Jeff says that yeah he did check in at all the local hospitals and has been searching alongside the police for the last five hours, and somehow refrains from telling the cantankerous old goat to suck on it.
The next morning, Alexis reads the newspaper, the cover of which features the latest tragedy to befall the Carringtons. Blake drops by the penthouse to tell Alexis that the police have organized a special task force to work around the clock in search of Fallon, which apparently they do as a matter of course for missing rich people. He asks Alexis if she can think of anywhere their daughter may have run off to, and she says she honestly has no idea - but recalls that Steven told her Fallon had once complained of terrible headaches. She stares mournfully into space and says she regrets not paying more attention to her...and a defeated looking Blake concurs and sadly shuffles out of the penthouse.
Jeff is in the nursery, reading Little Blake a story. Little Blake suddenly blurts out, "Where's mommy?" so Jeff tells him she'll turn up at the end of Season 5 so that viewers can have plenty of time to adjust to a British brunette being recast in the role. Blake enters the room to canoodle his grandson and tell Jeff how desperate he is to find out what happened to Fallon. Jeff says he's going to put up a 100K reward for information leading to her safe return, then solemnly promises Blake that he's going to bring her home.
Over at ColbyCo, Alexis tells Adam that she too is putting up a cash reward for information leading to Fallon's safe return. She comes right out and asks him if he thinks she killed Mark, then looks appalled when he silently mulls over the safest way to answer that tricky question. She tells him she wants him to be on her defense team, 'cause she trusts that he'll do his best, them being mother and son and all. Adam agrees, but says she's going to have to reveal every blechy detail about her May-December hookup with the '70s porn-stache gigolo.
Blake is moping around the mansion when he decides to go for a drive in one of his luxury cars. Krystle sees him heading for the door and insists on accompanying him.
Blake drives over to one of the oil fields he currently has up for sale, and then he and Krystle amble around in the dirt as he reminisces about the founding of Denver Carrington, twenty-five years ago. When he sadly adds, "Now it's gone", Krystle points out that while the money is gone, he still has his family (minus Fallon for now), then coos about how much she loooooves him. Blake gets all prickly and accuses her of staying with him purely out of pity, and she's all, "Wha-a-a?" and says he's going to have to get it through his thick skull that, hard as it might be for anyone who's witnessed for the past four seasons what a soulless dickwad he can be toward his own family members, she really does love him for him.
Dominique Deveraux is luxuriating in her luxurious La Mirage suite when her husband, Billy Dee Williams, pays her a surprise visit. He asks her what on earth she's still doing in Denver, so she tells him she's here to take care of business...and by business she means possibly purchasing this hotel. In the meantime, she's going to try getting a gig performing as a singer in the La Mirage dining room so that she can better connect with middle America.
Sammy Jo is loading up on carbs at the mansion's daily breakfast buffet. She asks Adam if he'd like to take her and Danny on a picnic later, but he politely declines and says he's too busy. Steven enters the room, decked out in a Princeton sweatshirt and extremely short shorts, snappishly tells Sammy Jo he needs to talk to her - but she retorts in an equally snappish tone that she has no time for him, then storms out of the room. Steven sourly asks Adam if he's tapping that, and Adam assures him he's not getting his penis anywhere near that dicey situation, not least 'cause he respects their brotherhood and newly established friendship. Gerard enters the room and reports to Adam and Steven that Blake was up all night pacing, but finally managed to fall asleep. Adam glumly stares into space and remarks, "Losing an empire must be depressing", and Steven points out that what's probably tormenting Blake is the contrived mystery surrounding Fallon's disappearance.
Krystle brings Blake a pot of coffee and tells him he needs to stop moping around the bedroom and get his shit together. He mulls that over and promises to do his best to snap out of his funk in the next day or so.
Steven gets a call at the office from Claudia, inviting him out to dinner and movie later. He tells her he'll probably be too busy working, then starts sorting through a stack of ColbyCo financial reports.
Steven drops by the penthouse to tell Alexis she's busted, then explains that he discovered a bookkeeping "error" of $5 million. When she sheepishly tries to deny any wrongdoing, he accuses her of withdrawing the money so she could take it to Hong Kong and use it to pay Ahmed to tank the South China Sea oil deal and leave Blake saddled with the $100 million debt. Alexis admits that, yep, that's pretty much exactly what happened - but insists that Blake drove her to it 'cause of his smug douchebaggery. Steven looks unmoved and says he's going to head over to Carrington manor and tattle on her to Blake asap.
In the nursery, Sammy Jo is bickering with Claudia and Danny's nanny about the safety of a (sharp edged) toy truck the tot was playing with. Sammy Jo barks at the nanny to give the toy back to Danny - just as Steven enters the room and glowers at his ex-skank. He asks the nanny to please take Danny elsewhere, then tells Sammy Jo he's so fed up with her shit that he wants her out of Carrington manor within the hour. Sammy Jo snaps that she's suing him for custody of Danny, and he wearily retorts, "We'll see you in court. Now get the hell out of here."
Sammy Jo storms downstairs and runs into Krystle. She tells her that Steven just kicked her out of the mansion and would like her to sashay upstairs and reverse his decree...then looks faux contrite and whines that she has no place to go. Krystle shrugs disinterestedly and says that's her problem, and that she'll find a way to cope as she always does.
Billy Dee Williams drops by Claudia's La Mirage office to inquire about his wife getting a singing gig at the hotel, and Claudia says that since she's already familiar with her lovely singing voice, she doesn't see a problem with agreeing to that boring arrangement.
Sammy Jo tells Adam she's flying back to New York asap and would like him to drive her to the airport...along with Danny so she can savor as many last minute hugs from the little gaffer as possible. When Adam looks unsure about granting her this favor, she appeals to his sensitivity as a father for the two minutes he parented his ill-fated baby with Kirby. He stares sadly into space for a few seconds, then agrees.
Steven tracks down Blake, who's horseback riding on the estate, and tells him all about how Alexis betrayed him in Hong Kong, and that he has hard proof she paid Ahmed $5 million to ruin their oil deal. Blake perks up at that and says he always suspected she was behind that fiasco, and promises to give her a lesson she'll never forget. He growls, "I'll bury her like she's tried to bury me."
Krystle is delighted to see that Blake is back to his usual self, and grins happily as he gabbles at her with renewed vigor about how he's going to get things shaking over at Denver Carrington, and then deal with issuing a statement to the press regarding his disappeared daughter.
At the airport, Adam pulls over and walks Sammy Jo, who's holding Danny, inside the terminal. Sammy Jo suddenly stops and tells Adam she left something in the car and that she'll meet him inside...then quickly hails a cab, climbs inside with Danny, and looks pleased with herself for so easily outsmarting Adam.