Fran and the kids prepare to celebrate Christmas alone when Maxwell and C.C. have to go on a business trip.

Yetta's got a new boyfriend, who's much younger than her (he's 60) and already proposed. Afraid he's after Yetta's money, Sylvia decides to go to the bank to make sure money can't be taken out of their joint accounts without both signatures. While waiting in line, a very bumbling bank robber takes over the bank and makes Sylvia and Fran hostages. The bank robber is so unprepared that he even forgets to put on the mask and accidentally reveals his name - Leslie Tilbett - and Fran ends up making friends with him. They chat, order some food, and the kidnapper even acts as mediator between Fran and Mr. Sheffield (who messed things up with Fran with a Valentine's Day faux pas). When Leslie decides to leave, Fran and Sylvia argue about the best way he should take to escape the cops and they both end up going with him. At the bank door, Mr. Sheffield apologizes for taking back saying he loved Fran, and they make up. Sylvia, though, is still taken as hostage, but the kidnapper is arrested afte

Maxwell decides to shop for a new ring for Fran, and Sylvia asks them to go to their uncle Stanley's, because he is family. But once there, they change their minds and go to Cartier instead. Fran gets an astonishing ring and they are mentioned in the social column (and Fran's name is mistyped Fran Fone...). But Fran starts to see that she might not be very well accepted among Maxwell's rich friends: she, Sylvia and Val are mistaken by ordinary people at a fancy clothe store, and at a dinner party Fran finds out that everybody is making fun of her behind her back. Hurt and afraid she might not be good enough for Maxwell, she goes to the park and meets a homeless man. She offers him chicken and opens her heart for him, giving him her address and offering him to drop by at anytime he feels hungry. That man turns out to be one of the richest men in the city and he ends up sponsoring Maxwell's new play. Meanwhile, Sylvia gets Maxwell and the kids to call her "ma" and "nana"; Niles has fun b

Michael got a modeling job in Japan, so he proposes to Maggie so they don't have to be apart. Maxwell has a hard time accepting the fact that his little daughter has grown into a mature woman, but eventually comes to terms with Michael. On the wedding day, Fran finds out Michael's cousin is James Brolin, Barbara Streisand's husband, and that Barbara herself is coming to the ceremony. Fran is in such shock for finally meeting her idol that has contractions and is rushed to the hospital. It's all a false alarm, but Fran does not want to stay in the hospital while Barbara is at her house. She sneaks out, but when she gets home there's nobody there. Max calls the house and reveals Fran he planned a little surprise for her: he took Barbara to the hospital. Fran doesn't forgive her, but the wedding goes on and Maggie finally marries the man of her life.