Hope and Michael Steadman are still adjusting to parenthood while struggling with money problems and best-friend crises.

Hope's anxiety over her parents' impending visit taxes everyone's patience.

Michael and Hope race to renovate their crumbling mansion for a huge housewarming party.

A night out with friends degenerates as Nancy and Elliot's marital woes become apparent.

Hope and Michael plan a quiet Thanksgiving but learn friends are counting on being invited.

As Christmas and Hanukkah near, Hope suffers a minor injury and an unknown illness. Michael has a crisis of faith and imagines his life as a 1960's TV sitcom.

Michael and Hope are negotiating over Christmas/Hanukkah celebrations. Mike starts watching TV and sees himself in an old black & white TV sitcom, with the Westons interrupting his plans to be with Hope. The next day at work, Elliot tells Mike he seems distracted. Michael gets a phone call--Hope has been in an accident with Janey. Rushing to the hospital, he finds Janey unhurt and Hope looking tired with some contusions on her face, but otherwise apparently OK.

Mike watches the TV show again, this time with Santa in it. He drives Melissa to the synagogue and she encourages him to come on Friday. Michael returns home with a tree and finds Hope getting ill in the bathroom. He tells her to go to the doctor about the dizzy spells she's been having. Another flash to the TV show: Hope is missing on a wintry night.

Melissa gets a job working with Carly Simon. Michael and Elliot face losing their business.

Melissa is excited--Russell has shown some of her work around and he might be able to get her the job of shooting Carly Simon's next album cover! When he calls to confirm the good news, Ellyn is with her. Russell also tells her they're going to be a party for Carly and she can invite all the friends she wants. Melissa hides that last bit of information from Ellyn. Meanwhile Michael and Elliot are worried about their biggest account, Motherland Dairies, which has been sold and may drop them. The Michael & Elliot company plays Miles Drentell's DAA ad agency in basketball and loses. Mike relives the game in his imagination, making the winning layup. Later Michael and Elliot meet with the new owners of Motherland, who let them go. Mike is sure this is the end of their company, but Elliot still thinks there is hope.

Russell and Melissa are at the Steadman's house.

Michael gets a job offer in California. While out there, he runs into Elliot and they talk about forming another partnership. But Hope is adamantly against the move, so much so that her and Michael's marriage is threatened.