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In the season finale of 'White Collar,' we actually saw several plot developments (and these are massive spoilers so stop reading now if you haven't seen the episode yet).

(S01E08) "Hold on. I've never seen someone die before." - bad guy, watching Neal and Peter slowly suffocate.

So the question that all White Collar fans have about this episode is whether or not they answer the big cliffhanger question from the fall finale. And that question, of course, is this: will Neal Caffrey wear a stylish hat this episode?

OK, so that's not the big question that fans want asked. They want to know what it meant when Peter was in the hotel room with Kate, wearing the ring, looking all bad guy-ish. Did the show explain that in this episode? Read on...