Ep 3. One Last Stakeout

White Collar season 5 episode 3 titled "One Last Stakeout" follows the usual suspects Neal Caffrey (Matt Bomer) and Agent Peter Burke (Tim DeKay) as they set out to catch a notorious thief who has been playing both sides of the law, continuously eluding the FBI and leaving many in his wake.

Neal Caffrey, a former con-man turned FBI agent, has recently returned to his roots and reunited with fellow crooks Mozzie (Willie Garson) and girlfriend Sara Ellis (Hilarie Burton). In this episode, he decides to use his expertise and knowledge of the criminal world to lure out the cunning thief they've been hunting.

Peter, on the other hand, is having trouble at work. His new boss, Special Agent David Siegel (Warren Kole), doesn't seem to trust him and is questioning his every move. Peter finds himself constantly trying to prove his worth and keep his job.

Meanwhile, the team sets up an elaborate plan to catch the thief that involves setting up a fake art auction, and Neal going undercover as a wealthy art collector interested in buying a rare painting. Conflict arises when Neal's old rival, criminal mastermind Matthew Keller (Ross McCall), shows up and threatens to ruin the operation.

As the stakes get higher and the pressure builds up, the team works tirelessly to execute the plan and bring the thief to justice. The episode is full of twists and turns, with unexpected surprises along the way.

Overall, "One Last Stakeout" is an exciting episode that showcases the quirky dynamics between the lead characters, their wit, and intelligence as they work together to solve yet another case. The episode is a perfect blend of action, drama, and humor that keeps the viewers engaged till the very end.