On Friday, March 18, NBC released a sneak peek of "The Office" called "Proposal". There is indeed a ring, which costs Michael's three-year salary, and Holly Flax before she finds out what Michael is up to. The footage doesn't include the actual proposal but captures the boss showing off the bling to his employees before presenting it to Holly.
The episode, called "Garage Sale", is the first return episode after the sitcom went on a spring break. It airs on Thursday, March 24, only to take another two-week hiatus and come back on April 14 with the beginning of Steve Carell's departure story arc. Will Ferrell would appear for the first time in the April episode and stay until May 5. His character has something to do with Michael Scott leaving the company.
Just on Thursday, it was announced that "The Office" has been renewed for the 2011-12 television season. Producers would be crossing their fingers that viewers will keep watching the show even after Carell is gone.