Frasier and Niles compete to see some rare wine, owned by a rich relative of Kirby's girlfriend. Meanwhile, Martin must wear a blood pressure monitor.

Frasier returns to Boston to give a speech, and Niles, Daphne and Martin tag along to see the city. Once there, Frasier runs into Cliff Clavin.

Frasier mistakenly receives some of Cam Winston's mail, including a mysterious invitation to an exclusive locale. Frasier and Niles are surprised to have been left out of the loop about this new hot spot, and become obsessed with finding out more information.

Niles and Frasier plan a party to celebrate the unveiling of a painting that Niles has just purchased. However, Daphne notes that every event the brothers host inevitably ends in disaster.

Julia becomes extremely depressed after breaking up with Avery, who had never followed through on his promise to leave his wife for her. He tries to deny her the credit for their software company, an endeavor for which she did most of the work.

Frasier overhears Ronee making a date with another man. He tells Martin, who is furious at him for eavesdropping. Ronee later breaks the news to Martin herself, explaining that she didn't think they had an exclusive relationship.

Guilty feelings seize Frasier, who, just for a thrill, swipes a medallion from his neighbor, a chatty, trusting widow. Now he sets out to secretly return the object, with the reluctant help of Niles.