Magda's beautiful dream of transforming Australian women's fashion is about to be crushed by her husband's foolish mistake. Trapped at Goodes she must fight against entrenched conservatism and snobbery to rise from the bottom once again.

A catalogue photoshoot brings tensions to the boil between Magda and Mrs Ambrose and precipitates a crisis in Fay's marriage. Lisa and Angela's escapades with borrowed bikinis lead to both disappointment and new hope.