Jughead and Charles follow a new lead after the contents of the latest videotape takes a sinister turn. Meanwhile, Kevin, Reggie and Fangs take their latest business venture to the next level, while Cheryl and Veronica's maple rum business faces a new threat. Finally, Archie and Betty contemplate their next steps.

Betty and Jughead's investigation into the auteur leads them to the discovery of a secret underground for red-band screenings. Elsewhere, in order to impress the visiting Naval Academy Commandant, Archie agrees to participate in a boxing exhibition against another candidate - KO Kelly. Meanwhile, as Cheryl prepares for prom, she stumbles upon a major secret that Toni's been keeping from her.

Betty and Jughead's investigation into the auteur takes a twisted turn after receiving a call from Bret. Meanwhile, Archie is forced to make an impossible decision when the person responsible for his father's death needs his help. Elsewhere, Veronica and Hermosa come up with a plan to force Hiram into early retirement, and Cheryl makes a business move.