As all the friends say goodbye to each other they all make one last stop to Mr. Feeny's Classroom for their last goodbye to Mr.Feeny where he gives them his very last piece of advice.
Cory is despondent without Topanga. One rainy evening, Topanga shows up on Cory's doorstep. She ran away from home and wants to convince her parents to let her live with an aunt in town. Cory and Topanga must convince Cory's parents and Topanga's aunt that they are truly in love.
Shawn and Jack's dead beat father, Chet, reappears on campus and promises Shawn that he has come to stay and make amends to his sons for never being there.
Cory may be possibly expelled from college, when he knocks a teacher out the screen-window of the commons room. However, that same teacher hit on Topanga in her dorm last night, and he's lying about it.
In an effort to numb his heartache, Cory steals a bottle of whiskey from Alan. He offers to share the bottle with Shawn and the two drown their sorrows. Trouble arises when Shawn discovers he likes the alcohol a little too much.
The group is getting ready to graduate and Mr. Feeny assigns them one last assignment about what they are feeling the last few weeks of school before graduation.
Shawn and Cory get split up from doing a project together, making Shawn work with Minkus and Cory with Topanga. Cory overhears girls making fun of his hair and decides to change it.