It took almost the entire series for Phoebe to find a serious relationship, but boy did she find her match in Mike Hannigan (Paul Rudd). This was never more clear than when she discovered she could change her name to anything, not just to Phoebe Hannigan. The name she chose was, of course, Princess Consuela Bananahammock, so Mike changed his to Crap Bag, and Phoebe realized her choice was maybe not the most practical. Elsewhere, Rachel was getting offered her dream job, and Monica and Chandler were shopping for houses while Joey was preparing to let them go, so it's just an episode of growth for everybody.