What Happens to Fez in the "Euphoria" Season 2 Finale? 5 Theories

Since Ashtray is the one who notices Custer and Faye's sketchy whispering in episode seven and picks up a knife in preparation for anything that may go awry, some fans believe Ashtray will sacrifice himself in order to protect Fez. It's worth noting that this wouldn't be the first time Ashtray throws himself in harm's way to shield Fez against danger. He killed Mouse in the season two premiere and was about ready to take Cal out when he came to their store acting suspiciously.

One Twitter user guessed that the reason Fez is on the ground in angst in the season finale promo is that he just witnessed Ashtray getting killed or severely injured. They added that Ash dying would give Fez a layered storyline as we head into season three of the show.

Another viewer postulated that Custer might've been wearing a wire and when Ashtray became increasingly suspicious of his actions, he stabs him to avoid any trouble. That's when "the police barge in and shoot Ash in front of Fez," they said.

Obviously, if anything like this happened to Ash, Lexi's play would be the last thing on Fez's mind.

After apparently pushing a hotel manager off a balcony at the beginning of season two, Faye (Chloe Cherry) has been hiding out at Fez's place at her boyfriend, Custer's, behest. Since then, she's grown close to her new housemates. She watches movies, shares meals, and helps them with various domestic tasks like any family would. So, when Custer tells her he's cooperating with the police in a sting against Fez, she seems genuinely conflicted about what to do. Should she warn Fez he's in danger, or help her boyfriend? Some fans can't help but wonder if she'll have a change of heart and reveal Custer's cunning intentions in the nick of time.

In the episode eight preview, Fez can be seen on the floor in a brief shot where his shirt (and the card he bought for Lexi to congratulate her for the show) were both covered in what looks like blood. We also see police sirens and a chained door kicked down as if to indicate someone (likely the police) break into Fez's place. If so, it's totally possible it's Faye that dies in the crossfire between the police, Fez, and Ashtray?

Nate's not one of the most hated people on "Euphoria" for nothing. According to Twitter user @waveofjae, Nate possibly called the police on Fez... again.

While he tried this tactic last season and failed, are we really supposed to believe Nate wouldn't retaliate at all after Fez beat him to a pulp at the New Year's Eve party in the season two premiere? There's a chance that he, along with Custer, could be working with the police to bring Fez down.

The episode eight preview shows Nate standing with the police lights reflecting around him as someone pulls a trigger (likely Cal's gun, which he used to threaten Maddie in episode six).

In Feb. 20 episode, he storms out of the theatre in a huff, clearly rattled by Lexi's portrayal of him during the play. Hurting Fez could be his sick, twisted way of getting back at Lexi, and preventing Fez from attending her play would only be the beginning of his payback in this case.

Laurie (Martha Kelly) may not have had a tone of screen time this season, but whenever she appeared, she sent shivers down our spine with her foreboding demeanour. The second season opened with a chilling introduction to the teacher-turned-drug-lord, so it would be fitting if season two closed with her involved in the storyline.

Rue still owes thousands of dollars to Laurie after failing to sell the drug she bought from her. And Fez did vouch for Rue's credibility in episode one, which is enough of a reason for Laurie to chase him down. Could it be her, rather than the police, that harms Fez, Ashtray, or Faye in the upcoming episode? Only time will tell.

"Euphoria" season two finale hits HBO and HBO Max simultaneously on Monday, 28 Feb., at 2 a.m. GMT.

Based on the shot of Fez screaming on the floor while covered in blood from the season two finale promo, the most obvious reason he may have been prevented from attending Lexi's play seems to be that the police raided his house with Custer's help and he was caught in the crossfire while trying to save his brother, Ashtray, or Faye. It's more unclear now than ever whether Fez will make it out of season two alive, but considering he's one of the most universally loved characters on "Euphoria," it's hard to believe he'd die. Fans can only hope that if the police do raid Fez's house, it just leads to his arrest or a minor injury.

Still, this ending wouldn't be the jaw-dropping type of finale fans have come to expect from "Euphoria," so is there a chance it's someone other than Fez who ends up bearing the brunt of Custer's plans in the end?