On the eve of 1985, a worn-out Vincent (James Franco) reconnects with his ex-wife, Andrea (Zoe Kazan) as his open relationship with Abby (Margarita Levieva) grows more distant. Despite becoming a family man, Frankie (James Franco) continues his risky side hustles. With the newly dominant VHS format shaking up their industry, Candy (Maggie Gyllenhaal) and Harvey (David Krumholtz) travel to Las Vegas for an adult film convention where they disagree on how to navigate a fast-changing future.
Fresh out of rehab in Los Angeles, Lori (Emily Meade) is put back to work. Alston (Lawrence Gilliard) makes a very specific request of Goldman (Luke Kirby) in their quest to revitalize Midtown. Now a bartender at the Hi-Hat, Loretta (Sepideh Moafi) becomes an active member of Women Against Pornography.