Stardate: 50984.3 Voyager's crew finds they have entered Borg space. Scanning the areas ahead, the crew realizes that there is a route that seems to be free of Borg cubes. Upon taking the path, however, Voyager encounters a multitude of Borg ships... who are not interested in them. Save for a cursory scan, the Borg move away from Voyager at transwarp. Voyager follows and meets up with the destroyed Borg fleet and an entity that is capable of defeating the Borg.

Valerie becomes depressed when her mom, Jim and Cindy all fail to come to graduation. She tries to make amends with Kelly after overhearing her push Brandon to evict her. Val pleads with Steve to lobby Brandon on her behalf, but he still kicks her out. She checks into a motel across the street from the bluff where she once contemplated suicide. Brandon finds a suicide note and learns Val's probable location from David. Donna ponders taking her relationship with David to the next level. David helps Steve and Muntz with a senior prank. Kelly is furious when her father insists on attending her graduation. The gang receives invitations to a special grad party with a "Roaring '20s" theme. Kelly's sister Joy confesses that Bill is responsible for the event. Music: 'Graduation Day' by Chris Isaak.

Brandon stops Valerie from killing herself and agrees to let her stay at the house. They arrive at the graduation ceremony in time for Brandon to receive an award. Kelly believes that Val was faking her suicide attempt, and gives Brandon a hard time for going after her. Clare decides to move to Paris with her father, as she cannot imagine living a continent away from her only family. She asks Steve to come with her, but he turns her down. At the grad party, Brandon continually hassles Kelly to give her father another chance. She finally offers her forgiveness, only to learn that he is going to jail for embezzlement. Kelly decides to make a fresh start with Val. Steve and Valerie have a drunken fling during the party. Ryan develops a crush on Joy. Donna loses her virginity to David. Music: 'Lovefool' / 'Been It' performed by the Cardigans.

The cops uncover a man with a secret second life as they try to learn who opened fire on a group of people disembarking from a party cruise, but his guilt or innocence becomes almost a second thought as Schiff goes toe to toe with the governor and the States Attorney General over the decision to seek the death penalty.

The warrior caste has surrounded the religious caste's stand in the capital city on Minbar, and demand they surrender or be destroyed. Meanwhile Bester makes Lyta an offer for her body.