Times Square, 1977. Vincent is now proprietor of a new mob-backed disco, while his girlfriend Abby has brought the nascent punk-rock culture into the Hi-Hat. Vincent's twin brother Frankie remains a problem, "borrowing" money from the sex emporium he manages to pay off his debts. Meanwhile, Candy looks to make more artful, ambitious adult films.

Confronted with the changing realities of prostitution and porn, C.C. doubles down on his assets while fellow pimp Larry Brown eyes a new opportunity. Candy turns to Genevieve Furie, a onetime porn director who's graduated to slasher films, for filmmaking advice. Paul is approached by Matty the Horse, a rival of Rudy's, who promises Paul the mob protection he deserves.

Ashley and Abby resolve to track down the identity of a 16-year-old sex worker killed in a recent fire. Vincent is shaken after witnessing the brutal side of Rudy's operation. Candy recruits some new faces to help her out with the production. Frankie finds his dry-cleaning business a less-than-perfect fit. Lori looks to forge a deal with Kiki.

Kiki finds new partners for a deal for Lori. Vincent visits his father for advice. C.C want to get payed for Red Hot.

"Red Hot" premieres as Candy, Harvey and Frankie get caught between competing investors. Vincent and Abby must deal with an unexpected loss. Lori is affraid to go to L.A. without C.C.'s permission. Paul turns to a familiar source to help finance Tod's Dreams. Darlene comes clean.