Richard is miserable as the new production head for Prodigy's Captain Magee show after being fired from Pyramid for having sex with Siobahan on the boardroom desk. Alan is at a health spa having recently undergone minor surgery and now he's announced to the executives at Pyramid he's selling the company to Dennis Weston of Prodigy. Alan plans to retire and return to what he calls his first love, producing films, but Veronica is able to talk him out of it. Her and Richard are able to get the merger to reversed and Alan ends up buying Prodigy instead of the other way around. She then gives Richard his old job back.

Beaver Creek receives an award from a right wing advocacy group for its family positive message. Of course, the whole thing blows up in their face when the Pastor and Blacksmith announce they are marching in the Gay Pride parade in character. Alan assigns the task of fixing the Beaver Creek problem to Victor. He of course makes the problem even worse after faxing an inflamatory memo to the Pastor demanding he not march in the parade. The Gay community is outraged and they announce they will be protesting in front of the Pyramid building. Meanwhile, Richard convinces Alan to option an unpublished book by an author without actually reading the book first. The entire thing blows up in their faces when the book turns out to be terrible, and totally unproducable. Victor and Richard beg Veronica to help them, and she does in exchange for a series of future favours. In the end she gets out of the book deal, and appeases the gay community by volunteering Victor as Grand Marshall of the

Richard is taken off the cop show project and is given a "mill show" (a cheap daily assembly line-type show) to produce.

Alan has a nightmare about someone smashing a pyramid with a hammer in the company boardroom. He charges Veronica with organising a team building weekend. The entire office however is completely apathetic to the idea including Alan, who five minutes after ordering her on the Team Building quest announces he can't make it. At Veronica's request Alan hires Angela Windstrom to take over a few administrative responsibilities while he focuses on the creative. Within her first day Angela appoints four new vice presidents over Richard and Victor. As the week moves on Angela appoints another ten vice presidents. The trio has to team up in order to get the new Vice Presidents to resign, and it is soon after revealed that Angela and the others are from a company that specialises in team building excersises.

Contrary to popular opinion, Alan sees no future for the Internet. Richard and Veronica dabble in a little insider trading after Pyramid is approached for their content by a happening Internet company. Meanwhile, Victor hits the rave clubs.

Pyramid wants to make a new Beaver Creek movie using the original star, Mandy who's not thrilled with the prospect of returning since she accuses Pyramid of stealing her chidlhood. Alan has a new theory on successful television series. Using his new flowchart that links Baywatch, Flipper, Beach Combers, and Gilligan's Island he creates a program about ‘water' where water is the star. Alan uses a new computer program to write a script for his new movie Water. Richard smuggles a copy of the script to Mandy who is desperate to hurt Alan with the understanding that it's a terrible script, but something happens. She loves it, and agrees to sign on for the next two Beaver Creek movies if she gets the lead in Water.

Richard is still trapped in Bogota working at one of Moses' new stations. The Industry Leader is still mad over the scam he pulled in the previous season finale. Moses sends Richard out into the Jungle by helicopter and the chopper is shot down. Richard is forced to return to Canada in a container with a group of illegal immigrants where he befriends a man who speaks no English. Back at Pyramid all is not well. The shareholders are out for blood after they learn that after their worst set of losses in the company's history Alan has given himself a huge bonus. Veronica is trying to douse the crisis. Meanwhile Wanda's attention is focussed on an Elian like child named Manolo on the television news. Richard returns to Pyramid surprising everyone, seeing as how they thought he was dead. Alan wants the group to track down Manolo's agent as television companies all over the world fight for the rights to his story. Richard returns again to Pyramid after a meeting with Moses with Man

Fed Up with being ignored Veronica lets the entire staff have the day off and takes Wanda and Lisa out to lunch leaving the men alone to panic over the question to the German taxes. The trio tear the office apart looking for the files. After they've emptied all the desks and filing cabinets searching for the tax returns they find a joint and a few bottles of booze and decide to have an impromptu bankruptcy party. Veronica's lunch runs a little late.... all the way to last call. The next day Veronica returns to work and reports the taxes were paid the week before. To make up for his years of mistreatment Alan gives her a 20% raise and 4 weeks paid vacation.

Walter Franklin Sr, the star of Beaver Creek dies during hair transplant surgery in Mexico, after Richard suggests he could save money by having it done there as opposed to the States. Pyramid's stock price plummets on the news as the network announces Beaver Creek will not go on. Richard buys 350k worth of stock as he re edits several unaired scenes of Beaver Creek to make it seem as if Walter had filmed a death scene just before he actually died. In the meantime Pyramid quickly orchestrates a show funeral in the Beaver Creek church, utilising the timeslot they had already been alotted. Problems arrise when the head of the Canadian Actors Union finds out they plan on airing the funeral featuring testemonials of the cast. Alan manages to get Beaver Creek renewed for another season when he threatens to hold back the final episode. Richard's quick editing inserts Shiobahn into the show as Walter's sons wife, fufilling a promise he made to her. Pyramid's stock soars and Richard finds

Alan secretely sells the company to a dairy farmer. After promising nothing will change Veronica and Richard are offered severance packages to quit, Alan is fired, and Victor is made CEO of Pyramid. Wanda is the only person who will still take Alan's phone calls. Veronica and Richard have a child and make millions off of a terrible show. After Victor takes early retirement Wanda is made CEO of Pyramid.

Alan discovers a show called Producer's Cut, a Canadian program that lampoons the television production business, and Alan feels its based on him. He decides to fire Wanda and has her planted at the production company that is producing the new show. Jonathan Summers, the shows producer asks Alan to appear on the show, and continues to insist the show is not about him. Unfortunately Alan's newly acquired improv skills make him look like such an ass that the shows producer begins making fun of him after all. Meanwhile, with Victor being the only person Alan trusts, he places him as the office receptionist. As well, Veronica renegotiates all the executive salaries. Victor and Richard become obsessed over who makes the most money.

Beaver Creek reaches a point in its run whereas it can only go downhill from there. Victor, Richard and Veronica remember the point in time that their lives ""Jumped the Shark"".

Beaver Creek's new Christmas episode is re-scheduled to February forcing a quick re-write by Richard & Veronica to make it about Valentines Day they do so by ""find & replacing"" Christmas with Valentines to avoid any actual work. When Network Brian finds out he storms in on Alan and demands they change the script again. Meanwhile on set, an aging star is trying to get jiggy with Blind Jimmy and Victor. When Network Brian interupts her attempts to seduce Blind Jimmy, the pair begin making out. Richard interrupts them and after they leave he drops a ciggerette into the hay and burns down the barn. Beaver Creek's Valentines day episode now has a climactic finish with the burning of a barn, and Network Brian is silenced when Richard tells him the fire department thought the fire was caused by two kids fooling around.

Alan becomes obsessed with starting a new digital specialty channel. When it becomes clear it will be too expensive to do so he buys one by assuming its massive debtload. The gang discovers the channel litterally has zero viewers, and only shows one movie, over and over again, but are overjoyed to learn how they will be able to make a fortune off of it, not to mention the cool jackets.

Alan tries to find out why a best-selling author turned down his job offer.

Richard, Veronica, and Victor have a hard time accepting their new producer.

Alan deceides the Beaver Creek Wrap Party is too too expensive, and has it relocated to the office. Blind Jimmy brings some pretty good pot and the entire group get very high. During the party someone rips off all of the office equipment. The reverand tells Allan what he really thinks of him, and he's fired. The Network's representitive gets loaded along with the rest of them and confides that to Richard that he wants his job. Just as things heat up the cops show up and arrest everyone. Richard and the network exec sneak out through an emergency ladder.

Alan decides to cash in on Damacles' popularity in Germany and asks Michael Rushton (Damacles) to write a book based on the philosophy of Damacles. Unfortunately, after weeks of work all he has come up with is a title. Alan charges Veronica and Richard to write the entire book. The pair get wasted on techilla and end up writing what becomes a best seller. Unfortunately this creates another problem as Michael begins to believe he is a god. Richard is forced to bring him back down to Earth which ends up destroying the books popularity, but saving the show from cancellation.

Wanda, worried about a Tax Audit demanding money for $75,000 in stock divedends is disheartened to learn that the gang won't help her. When they realise why she is being audited they all try and suck up to her to find out how she makes so much money in the stock market. Little do they know the Audit was a mistake, and Wanda doesn't make the money they all believe she does. She tricks them into all submitting the same show idea to Alan in an effort to make them look stupid. Sadly for Wanda, the plan backfires and Alan is thrilled to see his management team working and thinking together.

Alan decides to kill off the entire cast of Beaver Creek in the final episode, leading everybody on the Pyramid staff to imagine their own eventual deaths. Richard gets hired out to the mayor's office to produce a campaign ad.

Eliza, who is Network Brian's daughter, is at the office on a school work study. Alan gets asked by Network Brian to keep Richard and Victor away from her, and he tells the to go away, but not too far. Victor takes Richard to an empty soundstage where they brianstorm about a sci-fi history movie. Meanwhile, Eliza pitches show ideas that are all old shows with minor, and not workable, differances and falls in love with Veronica, and Veronica rejects her. Richard and Victor end up taking a drunken and depressed Eliza home, to find Alan and Network Brian in the apartment.

In an attempt to be sure the reality show ""Roomies"" dosen't get canceled, Alan makes sweeping changes, including the eventual firing of the actual 'roomies' in favor of Veronica, Victor, and Alan himself. Of course the network cancels the show.

A brash and irritating American Network exec comes to Pyramid to discuss their new joint project ""The War of 1812"" The exec has problems with everything including the food, the water, and the fact that the Americans lost the war. She forces Richard to change the ending so as to have the Americans win. She also changes the famous British Red Coats to Teal, because they film better.

Richard supervises an interior designer who is redecorating the Pyramid offices; Victor has his eye on a new studio he wants Pyramid to buy.

Michael Rushton, star of Damacles wants to direct, the staff doesn't want him to. Unfortunately they have no choice as its in his contract. At the same time Siobahan wants to spread her wings and try something other than Beaver Creek and so Alan gives her a role on Damacles. Victor's nephew Ted, on a rehab release comes with him to spend a few days at the office, and instantly hits it off with everyone including Alan. Within hours he has pitched a whole New Media division to Alan and begins working on a Sword of Damacles video game. Alan orders Richard to babysit Damacles while he attempts to direct the show in an effort to keep it somewhat on budget, and on time.

Captain McGee, star of the company’s acquired children’s show is found out to be a wife swapper with his girlfriend while a German executive is given the cold shoulder as Pyramid employees try to sell him Beaver Creek as being “young and hip”.

Alan decides Beaver Creek sucks after watching one of the episodes against the advice of everyone and fires the entire staff. He puts Victor in charge of directing, Veronica in charge of the budget, and Richard in charge of making sure the program is watchable, and he runs off to play golf, badly.

A hard hitting journalist wants to do a piece on Pyramid. The group is nervous since she tends to expose all of the dirty little secrets within a company, and within Pyramid, there are plenty. Richard coaches the group in an effort to make them seem better then they are. The piece however turns out to be nothing more than a fluff piece on powerful fathers, and their daughters. That information however doesn't make it back to Victor who decides to dig through Diane's (the journalist) things to find something to blackmail her with. He finds a needle and threatens her and orders her out. The piece is then redone as a full hour expose on the problems of Alan Roy. Meanwhile, Alan has decided to write a script about Dental Surgeons. He is so paranoid that someone will steal his ideas he has them all written on red paper. Unfortunately his paranoia seems real when the office temp skips off to NBC to pitch to pitch the idea, and its picked up as a series.

The network has three words to describe the 150th episode of Beaver Creek. ""I Hate It!"" After taking a major advance to produce a special Beaver Creek the team has to scramble to come up with a new way to make the network happy, and what better way to do it, but to do it Live. They dig up an old script written by Siobahan that takes place in just one room. All hell breaks loose and everything that can go wrong... does go wrong. All the while a crazy woman (Miss Barnes) from a watchdog group is protesting the violence of The Sword Of Damacles. She bursts on to the set and tries to address the camera but is punched out by Siobahan seconds before the show gets cut off the air.

Victor is all Gung-Ho about his new Arcardia 3000 demo, which is basically Noah's Ark in space. Alan orders him to stop bothering him about it as he is too busy preparing for the DVD release of Prom Night at Horny High. Alan reflects back on his first film, as does Veronica as she realises that nothing has changed from the day she joined the company. Fritz Hoffman comes in from Germany to direct the Arcadia demo he brings with him the new European Super Model Tempesta Victor convinces Dino (Blind Jimmy) to play the hero in Arcadia. Things start to go badly when Tempesta falls for Dino and breaks up with Fritz. He falls apart and can't continue directing the demo. Things are not going well with Alan's Director's commentary for Horny High either as he begins to realise his participation on the movie was less important than he had originally thought. Fritz agrees to record the commentary for Horny High, and Alan takes over the Arcadia demo stealing all of the credit from Victor

Veronica complains to Alan about the feeling of a posionous work envrionment, as well as how babyish the Beaver Creek actors have been lately. Wanda suggests Veronica get child care books to help her deal with the actors, which sparks the rumour that Veronica is pregnant. Victor can't let go of getting a ""password"" for when he, Alan, and Richard talk about Veronica's ""situation"". Alan decides to make Veronica quit, so he doesn't have to pay her matromony. To do this, he decides to start a fake company to hire her away. Belinda has a brief conversation with Richard and Victor, where she's told not to make any press releases. The guys then decide to put Belinda in Veronica's place when she goes on leave, so they can be in control. Belinda sends out a press release, and before Alan can fire her, she first announces that she's pregnant, and then states she's going to try to get a job with the fictious company the guys were trying to get Veronica to join.

Alan hears of a great team building retreat through Moses Znaimer. Without knowing anything about it Alan signs up the office staff to attend. When they get there they discover a Facillitator who won't let them leave. All of his activities have long drawn out storries attached to them, but in actual fact they are just lame games we all played in school. (Egg on spoon) The retreat ends with Victor falling into the fire pit and the group leaving. In order to make up for the hell they went through, Richard calls another production company and tells them about a ""Great Retreat""

Pyramid's CFO dies and Richard helps to replace him with his old stock broker from Ohm Dot Com. He hopes that he will be able to control him, but things get out of hand when he begins dating Veronica and questioning Richard's bizzare spending on Beaver Creek. Meanwhile a magazine keeps calling to do an interview with Alan. He thinks its a feature, but it later turns out to be a joke, focussing on all of the comedians Alan turned down over the years, including: Mike Myers, Jim Carey, and Michael J. Fox.

A man shows up at Pyramid claiming to be Alan's brother. It turns out that Alan has had had a brother who has been living in a mental hospital for the last twenty six years. Frank who seems to want to do no harm, other than annoy Alan seems content on counting things, jelly beans, files, dots on the ceiling, when he comes across a file that shows that he owns a company called AlanLand that owns 53% of Pyramid. With Frank in a home Alan created the company and made himself CEO, but with Frank out, he's now in charge. The group comes up with a plan to drive Frank back to the home and returning their original Lunatic leader back to power.

Veronica's friend from when she was in high school comes to visit. Back then she was a poor nobody, but now she comes complete with fur coats and a snobby euro-accent as well as a shady past where she may have killed her two former rich husbands, and now she's on the lookout for a third. Is Alan next? Richard has to get a web address for Pyramid to get online, but it looks like the Plumbing King of Pensylvania has bought up all the good addresses (like www.pyramid-tv.com), and he's asking way too much. Richard manages to convince Veronica's friend to date the Plumbing King, and in return he gives the web addresses to Richard, who sells them to Alan through a numbered holding company he owns. When Alan suspects Richard of this he tries to call the Plumbing King to find out who he gave the address to, but he had died tragically days earler. Alan is overjoyed, believing he now has a shot with her.

Alan discovers his senior staff are all giving seminars at the Toronto Film Institute and becomes jealous. When he tries however to get himself admitted as a speaker they reject him. In order to appease Alan the group convinces the TFI to allow Alan to teach a class by giving them two seperate donations out of their Discretionary Production budget. All goes well until Victor decides to one-up them by having things turned into a one night Tribute (roast)The roast is cancelled at the last minute and Alan decides to produce a video for the students. The videos budget is tight as the discretionary production fund is now empty after another round of donations to the TFI and as a result it is terrible. So terrible in fact the TFI fires Veronica, Victor and Richard from their teaching possitions. Alan on the other hand thinks the video is gold and suggests producing another one.

This episode blended a clever behind the scenes look at Damacles with the real goings on with the show. Richard, in an attempt to save money has a historical monument moved and in turn gets the entire production thrown out of its location. Victor comes up with the idea for Damacles to travel to the future (present) and have the final battle with Hamacles in the Pyramid offices.

Deon returns from LA to work on a new mini series based on a famous book. She decides she loves Canada so much that she wants to move here. Richard and Veronica are so annoyed by her that they decide to expose her to the dark side of Canada. Richard enters late to a meeting saying the government seized his car for not paying the mandatory 87% income tax, and Veronica enters looking very distressed after spending the whole night in a hospital for a papercut. Meanwhile Alan has declared war on ""Canada Reads"" a pro literacy campaign.