Oscar meets Oliver and Owen in the observation car. He is carrying a gun and insists that he is going to end it all. He details "The Legacy" he is leaving them and returns to Drawing Room "A". Oliver and Owen are convinced he's just being dramatic, but then they hear gunshots. They find Mrs. Primrose holding the gun and Oscar mournfully staggering. She tried to take the gun away from him and it went off. Dr. Johnson examines Oscar and finds nothing wrong with him. Oscar says he will read Dr. Johnson's play if she pretends he really is wounded. Dr. Johnson agrees, and Owen tells Lily that Oscar is dying. Oscar begs her to sign the contract before he dies. She signs it, and they passionately sing to each other ("Lily, Oscar"). Max Jacobs rushes in, and Oscar, very much alive, gleefully shows him the contract. Lily tells him to check the signature. She has signed "Peter Rabbit"! She and Oscar scream ridiculous insults at each other until they start laughing and fall into each other's arms. They reconcile, kissing passionately, resulting in an outraged Max leaving the room. The ensemble comes out, dressed in white, as Owen and Oliver throw petals, followed by Lily in a wedding dress and Oscar in a white tuxedo. The newlyweds embrace and join the company in one final proclamation that "Life is like a train!" ("Finale").