When Yukiko appears on the Midnight Channel, her best friend Chie leads the charge to rescue her. However, the police are out in force and arresting any suspicious characters - including Yu and Yosuke. When Chie goes to the station after them, she reports Yukiko as missing. But the police seem to suspect her involvement in the death of the TV hostess.

While trying to escape the limelight, pop icon "Risette", aka Rise, steals away to the small town of Inaba. With the investigation team now bringing all their clues together, it looks as if Rise might become a new piece of the puzzle.

Rise has disappeared into TV World, leaving behind only her shadow to guide Yu and the rest. As they head in to rescue her, the group finds more than they bargained for, discovering that Rise's other self is just the beginning of their problems...

Naoto, still unconvinced that the murder case is closed, agrees to appear on TV. He is kidnapped soon after, and with no real information to go by, finding him in TV World is proving difficult. Meanwhile, Naoto's shadow has finally appeared.

As the girls avoid Shadow Naoto's aging beam, the boys try to think of a way to save Naoto, with Yosuke still under the effects of the beam, just as the girls use Teddie as a shield when Shadow Naoto attacks them, again, aging him as well. Shadow Naoto threatens to continue the experiment on Naoto when Kanji has Take-Mikazuchi attack to distract her, letting Yu use Izanagi to respond. Using Himiko, Rise directs Yu to change Personas, cycling through Arahabaki, Abaddon, and Mot, until Yu, too, is hit by the aging beam.

At the end of the cultural festival, everyone is cleaning up the classroom, planning something to do for the night, when Nanako and Dojima arrive, who reveals he is going out of town and needs Yu to look after Nanako. Nanako says she can take care of herself, but Yukiko feels bad for her and invites her and Yu to come to her family's inn. The rest of the group, however, takes it as an open invitation for all of them to spend the night at the inn, but Yukiko does not stop them. When they arrive later, Yukiko, and Aika who has taken up a part time job at the end, welcomes them and takes them to their rooms.

The team grieves after the apparent death of Nanako, while Dojima storms off to Namatame's room to confront him, but is stopped because of his injuries. After hearing a crash from Namatame's room, the group enters to find the man, seemingly attempting to escape through a window. Namatame's Shadow then appears on the Midnight Channel on the room's TV, boasting that it will never cease its desire to "save" people. Enraged, and faced with the possibility of Namatame being released through lack of solid evidence, the team considers what to do, with Naoto suggesting that he would likely meet his doom if thrown in the TV. Yosuke and Kanji agree with this, while Chie, Yukiko, and Rise attempt to change their minds. Yu begins to drag a helpless Namatame toward the TV and begins to push him in, but then changes his mind, much to Yosuke's chagrin. Yu proclaims he is not convinced that they have the full story, and he only wants to know the full truth.