Peter Keating, top of his class and all-around hotshot, considers how triumphant he is.
While he's patting himself on the back, a famous architect named Guy Francon is speaking about "truth, beauty, and love." He tacks "architecture" on the end of that to avoid copyright infringement with Moulin Rouge.
Keating also gives a spiel to his classmates and regurgitates much of Francon's speech.
Keating then heads home to his mom's boarding house, after making plans to go out with his friends that night. Graduation party, woo!
Before partying, Keating must make a big decision.