NOTE: This spoiler was submitted by DissedHerb
Episode 1: Never Meet Your Heroes
Open on New York in 2012. A young Kate Bishop is listening in on her parents arguing about moving. Kate’s father talks with her before she sits for breakfast with her mother. As Kate is getting ready for school, the Chitauri invasion begins. Kate cannot find her parents in the entire house. She runs through it as it is being destroyed in the Battle of New York. Kate is saved from a Chitarui soldier by Hawkeye. She watches as he swings away before she is picked up by her mother. Her father is killed as the house collapses. Kate’s mother comforts her and reminds her that the Chitauri will not return to Earth because the Avengers will stop them. Kate says she wants a bow and arrow.
Present Day New York (post blip). An adult Kate Bishop scales a building with her equipment as part of a bet with her friend Greer. She looses and arrow with a tennis ball attached to it, and manages to ring the bell of a tower in a nearby building. As the bell breaks its brick enclosure, destroying the tower, Kate is caught by security, while her friends getaway.
Clint Barton watches a musical about the Avengers with his daughter, who reminds him to turn on his hearing aid. He is recognized by a child in the audience. When Clint goes to use the restroom, he notices the words “Thanos was right” written on the urinal. A self-indulgent fan tries to get a selfie with the hero, but he steps out of the theater for some air. The rest of his family comes out to him.
Kate returns to her home where she lives with Eleanor, her mom. Eleanor is preparing for a charity auction and reminds Kate of the tower and her responsibility to it. Kate notices a sword and asks about it. Eleanor’s lover Jack appears to take her to the auction.
Clint is having dinner with his three children, and their mother calls in from home. Clint tells them about all the Christmas stuff there is to do in New York. At that point, a server tells the family that the meal is on the house as thanks for the Avenging.
At the hotel, Kate is approached by a man named Armand Duquesne who informs her of Eleanor and Jack’s marriage. He suggests she speak to her mother. Kate approaches Eleanor who apologizes for the way she found out, but asks that she at least be happy for her. Kate walks around and hears an argument between Armand and Eleanor. Eleanor scolds Kate for eavesdropping, but Kate is curious as to Armand’s intentions. She follows him into the back rooms and kitchen. Jack gets up from the table to excuse himself. Kate acts as a waiter to bring food down to a selection of guests in the wine cellar. Armand tells Jack about his displeasure with Eleanor. Jack suggests he back off. Meanwhile, the black market auction begins. Kate is found out and hides. A retractable sword of The Ronin is auctioned and Jack faces off with Armand in a bidding war. Armand wins the auction as the auction is interrupted. In the chaos, Jack steals the sword. A team comes in led by someone who instructs them to find “the watch.” Kate steals and dons the cowl and companion suit of the Ronin, intended to go with the sword. She confronts the thugs and takes them on, beating them one by one. Jack meets with Eleanor outside. Kate gets out and runs away as the police arrive.
Clint and family arrive back at their hotel. They see the a story on the Ronin, which Clint immediately recognizes as his alter ego during the blip.
Kate breaks into a home where she notices a bowl of monogrammed butterscotch and a dead Armand Duquesne, killed with the sword of the Ronin. The maid arrives to the horrific scene as Kate flees. She is surrounded by the thugs, but even then she can hold her own. She manages to get into their van before Clint arrives to take back his suit. Kate immediately recognizes him.
Episode 2: Hide and Seek
Kate introduces herself to Clint. He asks how she got the suit. She and Clint walk to the nearby restaurant Kate inherited where she is housing the dog. Clint asks for his suit back so he can get going. Clint identifies the gang as the Tracksuit Mafia. Kate identifies Armand as Jack’s uncle. Clint warns Kate not to tell anybody about the Ronin suit because the Tracksuits would track her. Right then they are attacked by the Tracksuits, who throw Molotov cocktails into the building. Kate turns on the sprinklers as the rest of the neighborhood wakes up. She and Clint run out and lay low. They stop in a store to pick up supplies. Kate offers Clint to stay at her aunt’s place. Clint tells her that he is going back to her apartment to get the suit.
Clint borrows a fire dept coat and helmet go looking for the Ronin suit. He cannot find it, but noticed a sticker in the fire truck window for “NYC Larpers” (i.e. a group that might steal the Ronin suit to use for larping). Kate speaks to her mom as Clint arrives. He helps her fix her wound and updates her on the suit. The next morning, Clint sends his kids off to the airport to fly back to their mother. He promises to be home for Christmas.
Clint and Kate walk through Manhattan, and Kate talks to Clint about the branding of Hawkeye. He has her put her number into a burner phone to be used for emergencies only. He tells her that if all goes as planned, he will never see her again. Kate meets with Eleanor and Jack, and the three have a tense interaction.
Clint approaches the NYC Larpers and attempts to approach the guy in the ronin suit, but is encouraged to sign up. Clint makes his way through the crowd, pretending to kill several larpers as he gets to the ronin. He offers to kill the ronin for the suit, but the ronin counters by having a trial by combat. Clint allows himself to be “killed,” he gets the suit back. Kate gets a call from a detective who asks about the fire in her apartment, but she agrees to tell him the next morning. Clint loses the larp duel and thanks the fireman, Grills, for the ronin suit back. He speaks to his wife as the kids return home. Clint is reminded he has 5 days to be home by Christmas.
Kate confronts Jack on the sword collection and challenges him to a fencing match. Kate attempts to stab Jack while his mask is off, and Eleanor scolds her. Kate tries to tell Eleanor about the gang and the underground auction, but Eleanor tries to convince her that the best choice for her is to graduate from college and begin working for the company as planned. Jack interrupts and offers the same monogram butterscotch Kate found in Armand’s apartment. Kate abruptly leaves, now realizing that Jack killed Armand.
Clint allows himself to be captured by the tracksuits, who say that their leader will want to see him alive. Kate tries to call the burner phone, but inadvertently finds out about the kidnapping. She tracks the signal of his phone and tells the driver of the cab to speed up. Kate breaks in on the tracksuits as they are interrogating Clint. The two are taken prisoner as the leader is informed that they have both been caught.