Michael throws an extravagant going-away party for Toby, and falls in love with the woman who is replacing him. Jim plans to propose to Pam at the party, but gets out-staged. Back at corporate, Ryan is arrested for fraud.
This is a glorious day for Michael, a day he's been dreaming about. It is Toby's last day at Dunder Mifflin. Michael is even starting his watch to count the minutes down until Toby is officially off of work, for good.