Warning: Major spoilers ahead

Dunk and Egg spend another night under the tree, but Egg struggles to sleep. Early the next morning, he takes Thunder, Dunk’s warhorse, and attempts to run drills for the forthcoming tourney. However, Thunder is less than compliant.

Egg tells the steed that he understands. He knows horses don’t want to be messed around anymore than a man does, but he needs to behave and train to help Dunk in the tourney. The horse relents, and soon follows his commands, galloping up and down the field while Egg practices relaying Dunk’s lance.

As Egg and Thunder rest, a barefoot man with an eyepatch approaches them, asking if he’s stolen the horse. Egg says it’s not stealing if he intends to put it back. When the man goes to grab him, Thunder warns him off and is only calmed by Egg.

Curious about the young bald boy with the smart mouth, he asks what happens to his hair – only for Egg to ask what happened to his eye. When he shares he lost it in a jousting match, Egg deduces he’s Ser Robyn Rhysling, the maddest knight in the Seven Kingdoms.

Returning to their elm tree, Dunk, now awake, lightly scolds Egg for absconding with his horse without asking. Egg spots Dunk sewing a patch, and wonders why he’s not asked him to do it as it’s a squire’s job (even though Egg doesn’t know how to do it). Hungry for breakfast, Dunk says there’s only hard salt beef for them, which Egg hates. Instead, he teaches him how to sew, and Egg starts asking him questions about life, questioning why he’s “not got hair growing out of his stones” yet and if that’s odd. Dunk thinks it’s odd he’s telling him that.

As Egg sings songs and carves in a tree, Dunk gathers himself to head to the tourney and sign up to the lists. Egg informs him that this won’t be possible. The first challenges go to those who are highborn – which Dunk is decidedly not. Dunk is relieved, but annoyed as he’s been throwing up with nerves all morning.

Heading into the camp, Dunk tries to get them goose eggs, only to struggle to communicate that with the butcher. He runs into Tanselle, who tells him his shield will be ready by that evening, painted with the sigil he requested. He tries and fails to flirt with her, which is noticed by an entertained Egg. He tells him to shut up, and together they head back to camp and breakfast.

As the tournament jousts begin, Dunk and Egg enjoy the games and bond as they talk about dreams for the future. Egg says he would be happy to stay in a place like the camp after returning a war hero for his Lord, who would give him his ‘second most beautiful daughter’ – because Dunk would get the first most beautiful.

Dunk praises Egg as a good worker, which makes him ask if that means he can stay on as his squire. Before he can answer, they’re visited by the Master of Games, Plummer, who pulls Dunk away.

Plummer, who is still coughing and spitting everywhere, takes Dunk down to the lake and away from prying eyes. He says he knows he’s a man of honour but has a request to make of him.

Lord Ashford has massively overspent on his daughter’s pageant ahead of her naming day, and as a result, they need to ‘reverse their fortunes’. Dunk says he has no money to offer them, which Plummer scoffs at, knowing he has nothing to give.

Instead, he requests he reward Dunk – by competing against Ser Androw, Lord Ashford’s youngest son, who is participating in the tourney as a local favourite, and winning as an underdog, allowing anyone who bets on him to get a windfall as a result.

Dunk responds that he does not want a victory he has not earned. Plummer relents but tells him to think on it, warning Dunk to mind his pride.

As Plummer leaves, a call is made to announce the next game: Prince Aerion Targaryen – known by “Brightflame” – against Ser Humfrey Harding. On his way out from his pavilion, Aerion mocks not only Ser Humfrey, but also his cousin and fellow knight, Valarr (Baelor’s son). Egg, who is front row to the game, shouts at them to ‘kill him’, though it’s unclear who he’s supporting.

In the first joust, Aerion cowardly bails out and there is no contact. But as they make their second run, Dunk witnesses, to his horror, Aerion deliberately aims low. Ser Humfrey’s steed is stabbed through the neck, causing it to collapse on the floor and crush him underneath.

This callous act result in a near riot, with the crowd hurling rocks at Aerion and leaping the fence, only held back by the Targaryen’s armed men. As the uproar continues, the horse is mercifully put out of its misery.

Egg asks to leave and they do. Dunk encourages him to keep a strong stomach. Jousting is a dangerous sport, after all, and a mishap may well befall him in the upcoming jousts. Egg says it was no mishap, and it’s clear that’s what’s worrying him.

Lyonel, as always, is enjoying libations in his tent, chanting crude songs with Manfred Dondarrion – resulting in a barrage of questions from a wide-eyed Egg for Dunk to field.

As the pair stroll through the camp, a fortune teller approaches them, offering to share what lies ahead for them. Dunk plays along, and is told he’s set to be a great success and will become richer than a Lannister, which he struggles to believe but pleases him nonetheless.

In contrast, Egg is warned that he shall be the King, but will die in hot ash, and people will rejoice in his death. While Dunk finds the fortune hilarious, it terrifies the young squire.

That night, Egg is eager to go see Tanselle’s puppet show. Dunk on the other hand is keen to avoid any more awkward encounters and instead accepts an invitation from Raymun Fossaway to join him in his tent for a cup of cider. Egg agrees to pick up Dunk’s new shield and meet with him afterwards.

Tanselle performs a new puppet show of a knight fighting against a dragon, eventually defeating it. But the revelry is ruined by the arrival of Aerion Targaryen, who doesn’t take kindly to the show and the representation of the dragons being defeated, considering it a symbol of treachery.

Meanwhile, in the Fossaway tent, Dunk brings up that Egg believes Aerion deliberately drove his lance into his opponent’s horse. Dunk dismisses the idea as make-believe, finding it hard to believe a knight – let alone a prince – would act with such dishonour. But Raymun, his mood darkening, agrees with Egg. He says the Targaryens have been driven mad through their inbreeding and have caused uncounted wars in Westeros with their rule - there’s no way that the move wasn’t a deliberate one.

Suddenly, Egg arrives to get Dunk – telling him Tanselle is being hurt. As Dunk arrives, he witnesses Aerion attempt to cut off Tanselle’s fingers. In a rage, he leaps to her defence, attacking Aerion, throwing him to the floor, and kicking him in the face. It takes four of Aerion’s men to finally restrain him.

Aerion mocks him for throwing his life away for Tanselle, and as one of his teeth has been loosened, he commands his men hold him while he bashes out all of Dunk’s teeth. However, they’re stopped by Egg, who tells them to let Dunk go – and surprisingly, they listen.

Dunk is confused, but Aerion immediately recognises him, and asks what happened to his hair. Egg calls Aerion his brother and notes he removed his hair because “he didn’t want to look like him”.

With that, Dunk realises the truth: Egg is Aegon Targaryen – one of the missing sons of Maekar.