Kevin Smith and Jason Mewes return to Degrassi and Toronto for the premiere of their Degrassi-filmed movie, "Jay and Silent Bob Go Canadian, Eh!". The premiere gets everyone at Degrassi into a frenzy and vying for the hard to come by premiere tickets. Upstaging the spectacle of the premiere are Alex and Paige, who are each other's dates for the evening. From the heat they create at the premiere and the after premiere party, which they manage to crash, they move their evening to more serious matters as Paige witnesses the turbulence of Alex's home life first hand, to a quieter and more emotional ending to the night. On a more secretive level, Peter and Emma are each other's unofficial date for the evening, as Emma still needs to respect best friend Manny's distrust of Peter. Emma and Peter's evening reaches an almost romantic climax, this climax however interrupted as they witness an even more clandestine liaison than theirs, that between Emma's stepfather, Snake, and Peter's mother, Principal Hatzilakos.

Paige and Alex are confused and uneasy after their encounter; Paige turns to an unlikely source for help with her sexuality. Emma tries but she can't keep the secret about what she saw Snake doing at the movie theater.

Alex is having trouble at home when her mother's boyfriend is arrested for credit card fraud. Unfortunately her mother also opened a credit card that he ran up to the tune of $6000. Alex gets a job back at the movie theater but is persuaded by Jay's new girlfriend to get a job as a cocktail waitress at the strip joint where she works. Paige is unhappy about it but is fine with it as long as Alex's clothes are on. Alex is feeling better and making great tips until she finds out that she and her mom are close to getting evicted because their checks have been bouncing. At this point Alex has decided that the extreme must be done and she hits the stage. Emma is thinking about college and in her picture perfect world that is her and Sean in an apartment at college all to themselves but Sean's has other ideas. At a dinner with Emma and her family he drops the news that he has enlisted in the army to learn more about engineering. This sends Emma up in arms especially because she thinks she is pregnant.

Alex is regretting what she has done especially after she gets a call from Paige at work and they get back together later. Alex is happy she has brought a lot of money into the house but doesn't want Paige to find out that she is stripping. All the plans are fine until Paige shows up at work with flowers causing an inevitable break up. At work Alex figures out that she is not meant to give up her soul and quits. Unfortunately home isn't any better when she finds out her mother has used the money she gave her to free the idiot boyfriend from jail. Alex left her home and reunited with Paige at the dance. Sean's world is turned upside down thinking about what to do if Emma is pregnant and decides that Emma should have the baby but he will still go to the army. This doesn't please Emma at all and we find out later she isn't pregnant. At this point Emma and Sean are just going to try and enjoy the time they have left.