With the bet nearing its end, Parnassus reluctantly reveals to Valentina her secret origins: after aging from immortality, Parnassus made a new pact with Mr. Nick to be youthful again, in order to win the heart of a woman he loved. In exchange, any child he fathered would become Mr. Nick's property at age 16. Valentina is horrified at her father's revelation. Meanwhile, having discovered that Tony is a fraudulent charity scammer who stole organs from orphans in developing countries and sold them to wealthy westerners, Anton confronts Tony, but Tony fights him off, pushes Valentina into the Imaginarium, and joins her. Influenced by Valentina's romantic desires, Tony's face changes to that of her dream lover, and they float along a beautiful river in a gondola, fulfilling their shared sexual feelings. A child in rags disrupts their serene boat trip, transitioning the scene to one of Tony as a philanthropist, speaking at a fundraiser for impoverished children. Anton, following the pair into the Imaginarium, appears in the form of an outspoken child and exposes Tony as a fraud. A mob of angry benefactors pursues Tony, and, as the landscape disintegrates, Anton confesses his love for Valentina before falling into a void.