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Ryan has some money now and wants to invest it. Wilfred wants him to live in the now. After pointing a gun at Ryan to get him to feel excited, a random guy points a gun at Wilfred and the trauma causes him to lose his sense of smell.
Wilfred then starts to think, reads some books, and wants to stop the injustice in the world. Soon he realizes everything is pointless, and eventually attempts suicide. Ryan is there to save him, proclaims that he'll live in the now, and that he loves Wilfred.