Joey & Chandler's apartment. Chandler is playing foosball by himself when Joey comes home. He gives Chandler the $812 he owes him and a big gold bracelet that says "To My Best Bud." Although Chandler doesn't want to wear it, he decides to just for Joey.
A kitchen at a restaurant. Monica is being interviewed for a new job. The interviewer wants her to make a salad with dirty lettuce and rotten tomatoes. When he doesn't like the way Monica is cutting the tomatoes, she leaves.
Monica & Rachel's apartment. Chandler and Phoebe are playing cards in the living room. The phone rings and Ross answers it in the kitchen. It's some guy named Casey and Ross takes a message. Phoebe tells him that he's some guy Rachel met at the movies and Ross hides the message. Ross tells Phoebe and Chandler that he still wants to be with Rachel. Phoebe tells Ross that they will be together because Rachel is his lobster. "It's a known fact that lobsters fall in love and mate for life...you can actually see old lobster couples walking around their tank holding claws." Monica comes out of the bathroom, and while she and Ross are talking about her money problems Chandler's bracelet falls off and all three of them make fun of him.
Jack and Judy - Ross & Monica's parents - come over and tell her that they are turning her room into a gym. Rachel comes in with laundry and Jack & Judy say they are sorry for Rachel's parents splitting up.
Central Perk. Phoebe, trying to act like a man, tells Chandler that a woman is checking him out. Chandler starts talking to her, and then she leaves abruptly. He figures out that it was the bracelet that made her and starts complaining how much he hates the bracelet. Joey enters, hears Chandler, then leaves.
Central Perk. Ross is getting jealous while watching Rachel talk to some guy. Ross comes up and talks to them with some lame story and drives the guy away. Ross tells Rachel that he still wants to be with her and also does the lobster thing, but she tells him that they won't happen, so he leaves.
Joey and Chandler's apartment. Chandler is apologizing to Joey about the bracelet thing, but it doesn't work. Then Chandler realizes that it is missing and starts looking for it.
Monica & Rachel's apartment. Jack and Judy are watching TV, when Monica comes up and tells them that she has lost her job and need money. They remind her about how she was taught to put 10% of her paycheck in the bank, which she didn't do, and take some of that money.
Central Perk. Chandler comes in with the new bracelet he bought, which costs $400, to replace the old that he lost, but Rachel gives him the old one and now he has two. Joey comes in and Chandler gives him the other one. They are now bracelet buddies.
Monica & Rachel's apartment. Ross lends Monica the money she needs. Joey, Phoebe, and Chandler are looking through Monica's old boxes and find an old videotape of her and Rachel getting ready for prom. Rachel comes in and there is some awkwardness between her and Ross. Everybody wants to watch the video, except Ross. In the video you see Rachel's old nose (which had to be shrunk because of her deviated septum), Monica when she was fat, and Ross' old hair style and keyboard "skills." In the video Rachel's prom date doesn't show up, so Jack and Judy convince him to take Rachel. When Ross is coming down the stairs, ready to go, Rachel's date shows up and Ross is devastated. Rachel thanks Ross by kissing. They are each others' lobsters after all