It's Valentine's Day in
Dynasty-land.
Blake knows that "OakleyCorp" has apparently made an offer to buy C-A from Van Kirk Industries. With C3 "away visiting family" (helping Beto load the gun?) and everyone else elsewhere, Blake eats breakfast alone. But Bo is at his side, so there's that. As is Anders, who discovers Jeff owns OakleyCorp before the opening credits roll.
Fallon has decided to buy a house, but doesn't want to move in with Liam...yet. A particular house that she's always admired is about to go on the market, so she turns it into her latest "bull in a china shop conquest". Her antics at the Open House are vintage Fallon. "All's fair in love and real estate!" Oh, and the agent is totally hot for Liam, who seems amused by the attention.
Dominique's back from New York and wants to live with the newlyweds. Alexis suggests a one-bedroom in Norcross. [/burn] ….and Jeff and Alexis sleep in separate rooms, BTW. No word on Monica.

No word on Vanessa, either. Well, two words: Moving on. Oddly, Dom is now cozying up to Michael, and before you know it, they're hopping into BED. Because...well, why
not at this point. Only....Vanessa arrives on Culhane's doorstep after Dom leaves, and now it's clear Dom played him like a violin. She claims it'll be "their secret," then pulls out their sex tape after Culhane leaves.
Sam's got the hotel dolled up for V-Day but he's depressed about Fletcher/Not!Steven. He flips out when he learns Kirby's kind of crushing on Adam, since he's...weird. Honey, you don't know the half of it. Did those cult people do something to your brain? She insists it was not a cult, which is a very cult-like thing to assert. Kirby sends Adam a "secret admirer" invitation to a party at LaMirage. Adam decides the secret admirer must be Nadia. Sam sets him straight, and we're subjected to Adam playing the heartbroken suitor who walks out on Kirby. It's like Bizarro World. But then Adam gets upset over how Nadia did not get 'punished' for her lies and trashes the loft. Now THAT's the Adam we all know and cower in fear from. Except for Kirby, who throws herself at him anyway.
Blake confronts Alexis about her marriage, their vendetta, and the attempt to purchase C-A. She dishes the attitude right back at him, so he retreats.
Blake then enlists Dominique for a favor--help him retrieve the paperwork regarding the C-A sale. Dom agrees...but wants something much more than money. I didn't realize she knew there was anything more than money. Dom lets Blake into Jeff's house to snoop. He finds a file on Jeff's health condition instead. That evening, the Colbys learn Blake has bought a pharmaceutical company that Jeff wanted to buy--a company that potentially could cure the neurotoxicity condition that Jeff is suffering from. Blake suggests a trade for C-A, but Jeff refuses.
Mrs. Winslow, the reserved, classy woman selling the house, only wants a family to live in "Fallon's house". So Fallon of course tells the woman she has a husband and kids. She dresses as a soccer mom, rents a minivan, leases Tony D. Gardener's kids, and enlists Liam to play pretend. Frankly she lost points with me for not brining Bo along to play the family dog. Anyway, Liam gets upset when it appears Fallon is enjoying playing wife/mommy too much--since he "can't have kids". (?!) They bicker in front of Mrs. Winslow, and the whole ruse falls apart, as does the classy Mrs. Winslow: "Get the hell out of my house, you crazy bitch!"
(If Fallon Carrington were as famous in Atlanta as she claims, Mrs. Winslow would have known Fallon had no kids or husband)
Liam says he fears marrying and having kids because of the wacky family he grew up in. He also hates how Fallon makes all the decisions in the relationship. The house search is suspended, they kiss, etc.
C3 returns from Mexico to find Dominque is moving into the mansion!

I wonder if she'll get Beto to go double or nothing?
The preview of the next episode leads me to think it will be shot in black and white. Alexis's wardrobe won't look much different, at least.