Flint deals with a thief among his crew; Vane voices an objection to Rackham chasing a score; Silver and Max hide in a brothel; and Eleanor is faced with a difficult decision.

Disaster strikes a mission undertaken by the Walrus crew; Flint is warned about Billy; Rackham and Bonny set out to recapture their livelihood; Eleanor's father steps up to help her; and Vane is surprised by a visitor from his past.