While Gavin Belson begins to hype Nucleus, a competing compression platform, Richard learns that the name Pied Piper is already registered to a sprinkler company, forcing him to negotiate. Meanwhile, Erlich goes on a vision quest for a new company name, and Peter Gregory proves elusive when one of his companies asks for money.
After a celebratory party at the Hacker Hostel, Richard and Erlich learn that Peter Gregory won't pay up until they deliver a viable business plan that includes a slimmed-downed staff. A desperate Richard hires former Belson underling Jared, and they set about trying to trim the fat. While Gilfoyle and Dinesh prove essential, Big Head's place in the company is less certain.