Micheal, Sawyer adrfit on the raft after the creepy boatnapping of Walt. Jin is missing(that guy gets lost a lot). We see the Dharma shark.

We get Kate's perspective on going down in the hatch. She stuffs her face full of Apollo bars.

Micheal's flashback of signing away his rights to Walt. He gives Walt a stuffed polar bear too. His scenes with Sawyer on the raft show that Sawyer is starting to look out for others and would become the guy we know today. End scene is Jin running out of jungle shouting "Others!" which will turn out to be Ana Lucia, Eko and the rest of tailies.

Things I noticed:

Not much in this one. Lots of Dharma logos.

Locke telling Desmond to tie up Kate instead of him stating that she is a fugitive and he is only a regional collection manager of a box company. Desmond believes him and Locke ties her up but gives her a knife to escape. Locke and boxes.