Chandler shows the engagement ring to Phoebe and Joey, planning to propose to Monica at dinner.

Rachel invites the gang to a charity event for kids, but Chandler and Monica decline due to dinner plans.

The gang asks Ross if his relationship with Elizabeth is serious, and he defends her maturity.

Phoebe and Joey give Chandler final encouragement before his proposal dinner.

Rachel introduces Phoebe to her boss at the charity silent auction while Joey wanders off.

Ross visits Elizabeth and finds her having a water balloon fight with friends, revealing her immaturity.

Joey misunderstands the silent auction and wins a yacht with a $20,000 guess he cannot pay.

Chandler begins his proposal speech at dinner, but Richard walks in and ruins the moment.

Richard and his date join Chandler and Monica for an awkward dinner.

Joey tries to leave the charity event to avoid paying for the yacht, but Rachel stops him.

Richard makes an awkward toast at the dinner table, referencing poetry.

The gang returns from the charity event and asks to see Monica's hand, thinking Chandler proposed.

Ross weighs the pros and cons of his relationship and decides to end it with Elizabeth.

Rachel and Joey convince the next highest bidder to buy the yacht, but Joey changes his mind.

Chandler tries to hide his proposal plan from Monica after the friends' suspicion.

Chandler agrees to pretend he hates marriage to throw Monica off the proposal scent.

Elizabeth gets revenge on Ross by dropping water balloons on him from her window after the breakup.

Chandler awkwardly pretends to hate marriage in front of Monica, but she seems unconvinced.

Richard comes to Monica's restaurant and tells her he still loves her.