The episode opens with Luna comfortably installed at Bill Spencer’s mansion, seemingly untouchable despite the havoc she has wreaked. Once thought dead, she’s been secretly living under Bill’s roof, flaunting her pregnancy and manipulating those around her. Her delusion that carrying Will’s child secures her future pushes her further into madness. While she lounges on Bill’s couch, the rest of Los Angeles trembles at the news of her return. Her enemies—Ridge, Taylor, and Brooke—are furious that she’s free, believing her presence will reignite old wounds and dangerous rivalries.

Tension builds when Ridge confronts Bill, blaming him for Luna’s freedom and the turmoil that followed. Their bitter rivalry resurfaces as accusations fly about who’s responsible for Luna’s string of violent crimes. Ridge reminds Bill that his recklessness allowed Luna to escape justice, and the fallout nearly cost innocent lives. Meanwhile, Taylor and Brooke debate whether Luna should be locked away again or kept under house arrest. Their indecision only fuels the brewing storm, as Bill defends Luna, insisting she deserves another chance.

But Luna’s behavior becomes increasingly erratic. Alone in the mansion, she speaks to her unborn baby, calling it the “key to her redemption.” She believes the child will fix everything—her reputation, her relationships, even her fractured family with Finn and Poppy. Yet her obsession crosses a line when she sneaks out to visit Finn, desperate for his approval. The reunion is tense. Finn is horrified to see his supposedly dead daughter alive and pregnant, and even more appalled when she reveals that Bill has been sheltering her. When she declares that the baby is Will’s, Finn’s disgust is clear. He warns her that she’s headed back to prison, igniting Luna’s fury.

Back at the Spencer estate, Will and his girlfriend Electra argue about Luna’s pregnancy. Will swears the baby isn’t his and promises Electra that their love will survive the scandal. But his guilt lingers. He knows there’s a chance Luna is telling the truth, and his conscience gnaws at him. Electra, meanwhile, feels her world collapsing as Ivy urges her to protect herself emotionally before the truth destroys her.

The turning point comes when Bill discovers Luna has gone missing. He races to find her, unaware that she’s already spiraling out of control. Luna, humiliated by Finn’s rejection and enraged by Electra’s happiness, returns home in a daze. When Will arrives to confront her, begging her to stop using the baby as leverage, Luna snaps. She accuses him of ruining her life, of abandoning her and their child. As Bill bursts into the room, Luna pulls a gun—one she once used against Steffy and Liam—and points it at Will. Despite Bill’s desperate pleas, she fires. Will collapses before his father’s eyes, leaving Bill shattered and screaming as Luna drops the weapon and laughs through her tears.

The aftermath is pure chaos. The Forrester and Spencer families converge as news spreads of the murder. Ridge seizes the moment to condemn Bill, blaming him for harboring a murderer. Taylor collapses in horror, and Brooke struggles to comfort her husband as the police arrive. Luna is dragged away, screaming that she only wanted love and that the baby will still carry on her legacy. Finn stands in shock, torn between grief for his daughter’s broken soul and rage for the life she’s destroyed.

The episode closes on a haunting note. Bill kneels beside Will’s lifeless body, whispering apologies for failing to protect him. The camera lingers on Luna’s abandoned pregnancy book lying on the floor, open to a page that reads: “At this stage, the baby can hear your voice.” The eerie silence that follows drives home the devastating reality—no one in the Bold and the Beautiful’s world will ever be the same again.

This leaked installment marks one of the most explosive and emotional chapters in B&B history. Luna’s downfall, Bill’s unbearable loss, and the resurgence of old rivalries set the stage for a reckoning that will tear through every family in Los Angeles. Love, betrayal, and tragedy collide in an unforgettable episode where redemption dies, and chaos reigns supreme.