Chandler and Phoebe shop for a ring for Monica. Chandler finds the perfect one but Phoebe accidentally lets it get away. Rachel wants Paul to open up, but he opens up a bit too much. Ross and Joey think that Chandler's mad at them because he's preoccupied with the ring.

Monica struggles to decide between Richard and Chandler. Meanwhile, Rachel and Phoebe discuss their backup plans if they are not married before the time they're 40.