Jack s Christinou a Dylanem si pronajímají jachtu a bydlí na ní jako rodina. Brenda, Cindy a Donna chodí na kurz sebeobrany. Jackie chce prodat svůj dům. Jack a Dylan chtějí po Jimovi, aby zrušil Dylanovo konto. Brandon sází na sport, ale prohrává a dluží Dukeovi peníze. Dylan jde přeparkovat auto, Jack řekne, že ho přeparkuje sám, auto vybuchuje a Jack je mrtvý.
Jim gibt Dylans Treuhandvermögen frei, so dass Dylan frei über sein Geld verfügen kann, das sein Vater Jack für sein neues Leben braucht. Gemeinsam mit Jacks Freundin Christine genießen Vater und Sohn ihre neue Freiheit. Dylan ahnt nicht, dass sein Vater in Lebensgefahr schwebt. Brandon gerät durch seine Spielsucht zunehmend in Schwierigkeiten. Schließlich kann er seine Schulden nicht mehr bezahlen. Jackie beschließt unterdessen, ihr Haus zu verkaufen.
Jack and Dylan begin living on a yacht, where they are constantly kept under surveillance. Jim does not want to dissolve the trust, but finally gives his approval so that Dylan can have a new life with his father. Christine accepts Jack's marriage proposal. Dylan and Kelly sleep together. Jack tries to confess something to Dylan, but a man interrupts them and warns Jack that he is breaking their deal. A bomb is attached to Jack's car during the night. Dylan receives a phone call from Kelly just as he is about to move the car, so Jack agrees to do it. As Dylan hangs up, he turns to see the car explode. Jackie tells Kelly and David that she has to sell the house. She receives an offer, but decides to hold out for a while. Brandon accumulates a large gambling debt and receives an unpleasant visit from Duke. Andrea begins dating Jordan. Steve forgives David for firing him. Music: 'All the Way to Heaven' by Jody Watley; 'Tutti Frutti' by Little Richard.
Dylan, heureux d'avoir retrouvé son père, passe du temps avec lui. Mais ce dernier reçoit des coups de téléphone menaçants de la mafia...
Jack e Dylan iniziano una nuova vita insieme, vivendo a bordo di uno yacht con l'enorme fondo di Dylan a disposizione. All'apparenza tutto è perfetto ma Jack ha nemici pericolosi. Anche Brandon è in difficoltà a causa dei debiti di gioco e riceve minacce dal suo allibratore. Andrea e Jordan hanno un appuntamento, Dylan e Kelly dormono insieme e Brenda e Donna partecipano ad un corso di difesa personale.
Jim después de todo firma para que Dylan pueda disponer del dinero con el que Jack, quien se compromete con Christine. Steve, quien estaba enfadado con David después de que este le despidiera como mánager hace finalmente las paces con él. En Icon Records, Serge Menkin le pregunta a David si quiere grabar algo. Jackie decide poner en venta la casa, lo que disgusta a Kelly. Brenda, Donna y Cindy asisten a clases de defensa personal. Después de pasar un tiempo en el yate, Dylan sale dispuesto a arrancar el coche, pero recibe una inesperada llamada de Kelly, por lo que es Jack quien va ha arrancarlo, explotando en ese momento ante la mirada de horror de Dylan.
