The smitten Alex is thrilled at the thought of escorting pretty, budding socialite Kimberly Blanton to her country club´s dance, but Steven and Elyse are appalled that their son would set foot in a restricted club and agonize over whether to impose their values on him.
Alex throws a big bash while his parents are away for the weekend, but his sister Mallory leaves the party with the school Romeo leaving him to deal with guilt and anger.
Peer pressure causes Jennifer to give up her friendship with Justin Perkins, but thanks to her mother Elyse, the kids come together at a jitterbugging "Nifty Fifties" birthday party.
Alex delivers groceries to 21 year old Stephanie Brooks and an immediate intellectual and physical attraction appears between them. Later, Stephanie phones and invites Alex to an economics lecture. However, the events following the lecture prove more instructive to Alex.
When a burglar trashes the Keaton's home, pacifist Steven decides it's time he buys a gun to protect his family. But will he ever be able to use it when the time comes?
A Christmas Eve snowstorm traps the Keaton's at home, canceling their ski trip. While waiting out the storm, Elyse and Steven reminisce about the births of their own children.
Mallory's friend confides in her that she is pregnant and can not face her mother. Elyse offers to help talk with her mother, and reexamines her relationship with Mallory.
Elyse's well to do brother Ned, a young whiz kid in the business world, arrives for a visit. But when uncle Ned starts acting strange, the Keaton's want an explanation why.
Uncle Ned tries to flee the country with the help of Alex, after it's learned that an FBI man is tailing him. Ned explains why he stuck millions of dollars belonging to the corporation, into an account that only he can access.
Alex's flair for the stock market gets him in trouble when he trades in his parents IBM stock for a fledging overseas video company, which has just suffered a typhoon.
Alex joins the Big Brother program and buddies up with a young boy named Ming. Alex relishes the chance to mold his brother in his image, but soon finds he has no time to spend with him.
Jennifer is feeling like she is in the way when babysitter Alex takes her to his poker game and then tells her to find something to do. But it's Alex who feels the heat when Jennifer disappears.
Alex enlists Mallory as a last minute addition to the school's academic team so that they can appear on TV. When the cameras begin to roll, it's Alex who loses his nerve.
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