Trip is introduced to a new class. The jerks who are his new schoolchums have hidden chess pieces in his new desk. Those kids are ahead of the game! They knew who their new classmate would be, and they had time to guess what desk he'd sit at and find some chess pieces to hide in there. Nice work, kids. This sort of thing shows a team spirit and forward-thinking attitude that will serve you well in later life.
Back to the amusement park! You may be interested to know that it's named "Trolley Park Amusements," which is historically appropriate. Trolley companies build amusement parks as an enticement to get people to ride all the way to the end of the line. Oh, and the motto appears to be "Now you're on the trolley," which is a reference to the Simpsons episode where Bart and Homer become carnies. Nicely done! Vince is working out by decapitating mannequins with the cape. He's shirtless, because, um, well, why not? Sometimes, you want to work out without a shirt on, okay? Max walks in (past a fire-eater) to ask if Vince sleeps in the cape. Vince claims he never sleeps. Max warns him that the cape can bring out his rage. Or something. Here, you try to make sense of it: "Either you wear the cape or the cape wears you."
Gregor enters the circus, which has a lot more people than I remember. He shoves Rollo aside. Max identifies him as Gregor Molotov. Gregor identifies Max as Max Malini, "or should I say Kozmo?" Max doesn't use that name anymore. Gregor announces that he's here for his cape. Bum bum BUMMMMM! It's time for a round of reaction shots from Rollo, that aerialist lady, Hypno Joe, and Vince, who is hiding in the rafters.
Title Card: "KOZMO THE UNKILLABLE." Gregor and Max are having a confab in Max's trailer. Gregor thinks it's unlikely that Max lost the cape. Yeah, it doesn't seem like you'd misplace something like that. It's all Gregor thought about during his twenty years in prison, which suggests that he has a fairly limited imagination. I mean, sure, it's a great cape, but eventually your mind's going to wander, right?
Gregor introduces himself as: "Gregor the Great. Master illusionist, contortionist, and escape artist extraordinaire." He has a pretty high opinion of himself, doesn't he? Vince strolls in, and Max introduces him as "Vince, the never-knocks-before-entering," who works for the carnival. They keep calling it a carnival, but I'm pretty sure it's a circus. Gregor leaves Max and Vince alone, and it's time for some Cape Backstory! The name "Kozmo" goes with the cape. The first Kozmo was a thief and criminal, who passed the cape onto someone else. Then, see, because the thief died but there was still a Kozmo, the name became "Kozmo the Unkillable." Max used to be Kozmo, and Gregor was going to be the next one. But does all this mean that Vince is going to be the new Kozmo? Nope! Max won't let him take on the name. He would also like Vince to lay low and keep the cape out of sight until Gregor leaves. Yeah, I'm sure that's what's going to happen. "Tonight! On The Cape! Vince lays low!"