Magda's beautiful dream of transforming Australian women's fashion is about to be crushed by her husband's foolish mistake. Trapped at Goodes she must fight against entrenched conservatism and snobbery to rise from the bottom once again.

A catalogue photoshoot brings tensions to the boil between Magda and Mrs Ambrose and precipitates a crisis in Fay's marriage. Lisa and Angela's escapades with borrowed bikinis lead to both disappointment and new hope.

Spring racing carnival draws fresh battle lines between Magda and Ambrose over youth fashion. Lisa and Angela's friendship is tested by a shocking revelation. Fay is misled into making a catastrophic mistake.

Magda's attempt to capitalise on her success with a celebrity wedding dress leads to a risky experiment with men's bikini briefs. Lisa, Angela, George and Richard are caught in the fallout. Fay confronts marital disaster.