Yes — Nate Jacobs dies by the end of Euphoria Season 3 Episode 7, “Rain or Shine,” now streaming on HBO Max. Variety says the episode ends with Cassie weeping over his necrotizing body, after a rattlesnake slips through the vent in the shallow grave where loan sharks had been keeping him.
The episode turns a long-running threat into an ending. Nate had been held hostage over a $1 million debt, buried underground with only a small vent to the outside world, while Cassie was kidnapped and given three days to come up with the money to buy his freedom. Before she could get back to him, the snake came through the opening and bit him, sealing the outcome in the final stretch of the episode.
The sequence lands because Nate has spent two seasons as one of the show’s main sources of intrigue and menace, and “Rain or Shine” strips that power away piece by piece. His business failures and debt leave him exposed, and the episode treats that collapse as irreversible. Cassie is pulled into the same crisis after asking Maddy, who asks Alamo, and Alamo shoots one of the loan sharks dead at the drop site.
Cassie’s role in the episode also folds in her own scramble to rebuild her life. She had recently quit OnlyFans in pursuit of a legitimate acting career, only to be fired from “L.A. Nights” after the production decided it did not want the hassle of explaining its star’s past work. She also tried to get her old account, with all its followers, back after losing access. Earlier, she used Dylan Reed on a date, got him drunk, slept with him and stole his phone to post on Instagram that she was remarkable in bed.
That makes Nate’s death more than a shock ending. It is the point where the show’s old center of gravity finally gives way, and Cassie is left standing in the wreckage of choices that were meant to save him but ended up proving how far both of them had already fallen.
