What was already a fabulous episode upped the ante and freaked us out during the final 30 seconds. Our friends were madly texting and calling us — could this really be true? Serena… a MURDERER?

The final moments were so completely unnerving, we believed it. Between Blair’s coaxing and Serena’s frantic, teary pleas, the girls had us convinced something utterly awful was about to surface. And when Serena finally blurted it out, we stayed rooted to our seats in shock.

There has to be more to the story, right? We find it hard to believe that sunshiney, cheery Serena would kill someone — no matter what the circumstances. Okay, so Georgina was involved… but to what degree?

Georgina continued to terrorize Serena, displaying just how much power she has over her so-called friend: posing as Dan and Vanessa’s new pal, outing Eric at the dinner table, and sending Serena that tape. We felt chills when Serena realized what she was up against… but it was too late. How could she tell Dan the truth now?

Though we’ve had lots of issues with Dan’s judgmental nature in the past, we can hardly blame him for being skeptical of Serena at this point. All he’s seen lately is her avoiding him, hanging with Chuck (who we missed in this episode! No Chuck OR Nate), and partying through the SATs. Even if she told him the truth about Georgina, he’d have little reason to believe her at this point.

Meanwhile, Jenny seemed to have everything going her way: she had a boyfriend with a pedigree, she was hosting a fabulous party, and Blair was most definitely NOT invited.

But, as they often do on the Upper East Side, the tables turned on her quickly. Asher turned out to be gay and dating Eric, and the unstoppable team of Blair and Eric managed to out him and ruin Jenny’s reputation in one swift smackdown.

Blair was simply amazing. She sashayed into that prepfest party in her slinky black dress and OWNED it. Plus, no one’s a more loyal friend to Serena — that closing scene made us realize just how strong their bond really is.

It looks like Little J is finally through with her social climbing (for now). But is slinking home for a late-night game of Scrabble enough to earn Rufus and Dan’s respect back?

Check back momentarily for our Gossip Girl podcast on this episode, where we discuss everything from Jenny’s brattiness to Georgina’s craziness!