An unseen psycho, who may be the creepy grad student Lenny, creates a crime wave on the CU campus which includes the rape of a coed, worrying everyone. Meanwhile, Ray decides to leave town after Valerie buys the Peach Pit After Dark from Steve's father for her own use. Peter tempts Andrea to stay out late at the hospital with him, so she gives in to his requests to sleep with him. Also, Dylan is tempted by Valerie to fall off the wagon again. Seeking answers to his path in life, Dylan tracks down and finds his rehab friend Charlie Rollins, a motel owner, where Charlie tells him his idea of writing a movie screenplay to make money and asks Dylan for a little help.

Lenny becomes an outcast when he is suspected of the campus rape despite his protest of innocence which prompts him to ask Brandon to help him prove his innocence. At the same time, the real rapist stalks an unsuspecting Donna and violently attacks her in the beach apartment. Meanwhile, Dylan accidentally becomes privy to Andrea's affair with Peter when he sees them together at Charlie's motel. When Andrea decides to leave Jesse to be with Peter, he reveals that he doesn't share the same views as she. Elsewhere, Valerie asks Steve to help secure the rock group "The Flaming Lips" after she cancels Ray's bookings, and Donna wrongly blames David for Ray's departure after Valerie lies to her that David is the one responsible for Ray leaving town.

Donna thinks that her stalker is Garrotte Slan, the man who tried to rape her two years ago. Kelly and Clare decide to cheer Donna up by taking her out on the town to a male strip club, where the unseen stalker turns up the heat by attempting to run over Donna with his car. Meanwhile, Tracy and Brandon's weekend alone at her parents' ranch is interrupted when Sam, Tracy's ex-boyfriend, shows up. Steve leads Dick Harrison and fellow frat brothers in a sewing circle to salvage an investment of a Super Bowl T-Shirt sellout. Also, David and Tom team up to produce a Super Bowl party at the After Dark, much to Valerie's annoyance.

Despite Valerie's warning to stay away from him, Kelly decides to pursue Tom, which adds an extra dimension when he and Brandon, who still holds feelings for Kelly, face off in a hockey game. Donna is denied a permanent restraining order against Slan, while David becomes overprotective of her. Meanwhile, Tracy lets slip the three words "I Love You" to Brandon. Also, Clare and Steve's weekend of house-sitting at a bungalow prompts talk of them living together.