While showing Adam the ropes at a popular Hollywood singles bar, Peter offers to buy Jenny Johnson a drink. Though expecting her to be just another mindless sexual conquest, Peter is immediately taken with Jenny’s intelligence and wit, so much so that he offers her a job. And even though Wendy doesn’t want an assistant, Peter refuses to take no for an answer. Meanwhile, a misunderstanding spawns a rumor about a sex act with a frog that landed Peter in a hospital emergency room.
Though he didn’t promise Jenny the job in exchange for sex, Peter doesn’t hesitate to seduce her once she’s hired. But after Wendy catches them in bed, Peter has no choice but to fire Jenny who, upon losing her job, doesn’t hesitate to start spreading news about Holden Van Dorn’s sexual conquests on the set of Beverly Hills Gun Club. Meanwhile, after his new movie business insider status lands him a date with a beautiful studio assistant, Adam adds fuel to the rumor about Peter and the frog. And following a date to discuss the baby they are having together, Peter’s ex-wife, Jane, offers to leave Bobby G. and move back in with him.
While meeting about the problem with Holden, a brief but heated negotiation leads Bobby G. to offer Peter a deal for Jane. But after Bobby G. insists that he stop the leaks about Holden, Peter discovers that Jane decided to stay where she is in exchange for a new jet plane. When Adam trades some help with a script for another date with Julia, both he and Stuart learn the hard way that everyone in Hollywood is ready to sell confidential information if the price is right. Finally, upon learning about the rumor, Peter turns to Wendy for consolation and finds that not only has she hired Jenny, but is sleeping with her, too.