Michael breaks up with Fallon after a four-year secret romance and has a brief affair with Kori Rucks, her high school nemesis, and later with Monica Colby, a close friend of hers. Fallon and Michael eventually reconciled and vowed to remain good friends. However, in Season 6, it is revealed that Fallon still loves Michael and they sleep together one last time before she leaves for London.
This ending was confirmed by Michael during an interview with Parade magazine. He said: "I think people want me and Carrie to get back together again. I don't blame them; we were great together! But I told her right from the beginning that we weren't going to do that. We're best friends now."
Additionally, this ending was confirmed by executive producer Jason Katims who said: "They broke up but they stayed friends. That's what matters most... They're still friends today."
However, despite these comments, many fans believe that Michael and Carrie will get back together once again. Some say that since Carrie still has feelings for Michael, this means that they have not broken up yet and will get back together at some point in the future. Others say that since Michael does not love her anymore, he would not wait around for her to change her mind.
Fallon, who was thought to be dead, emerges and marries Jeff's cousin Miles. Despite having a massive production budget, the show was terminated after only two seasons owing to poor ratings.
However, following its short run, the show was revived in 1998 with some changes made to the plot. Fallon now lives next door to Jeff instead of being on another continent, and she has a young son named Cooper who is played by Miles Fisher (Jeff's cousin) - this time around, no one is aware that Fallon is actually alive.
These episodes are considered canon since they were made before the reboot series premiered. However, it is possible that Miles could have created an illusion of Fallon to fool everyone into thinking she was still alive.
It's also worth mentioning that although these episodes take place after the original series ended, they can't be later than 1999 since that's when Miles turns 10 years old.
In the midst of all the drama, Fallon begins dating Evan Tate, but ultimately chooses Liam. They are engaged to be married before the conclusion of the third season.
Fallon has not been seen or mentioned since then, and it is presumed that she is now married to Liam. She and her husband have two children: a son named Parker and a daughter named Lux.
Their date did not go well. His emotions and memories do not return. Evan confronts Liam and advises him to avoid Fallon. Later, Liam tells Fallon that he recalls how much he loves her and that they are back together. They kiss but it is only a ploy by Liam to win over Fallon again.
Liam learns that Evan has been keeping tabs on their relationship and plans to leave Ireland with Paige. Frightened, Liam kidnaps Fallon and takes her to France, where she knows nobody will look for her. However, when Evan finds them, he follows them to France, where Liam fights off an attack from several of Evan's men. After this incident, Fallon realizes that Liam is still in love with Nicole and leaves him at the airport. She tells Evan that she does not want to see or hear from him again.
Liam returns home without Fallon and tries to move on with his life. But when she shows up at his door one night, he decides to go back to Paris to find her.
They reunite and decide to stay together. But when Liam finds out that Fallon has been seeing another man during his absence, he throws her out. Before leaving, however, she gives him an ultimatum: either break up with Nicole or leave Ireland again. Unable to live without her, Liam goes back to Paris.
Liam lost his memory of Fallon and the previous two years in the season three episode "Guilt Trip to Alaska." In "A Used Up Memory," he regained them. Fallon and Liam were officially married once (as part of Fallon's contract), divorced once, and engaged again. They've both proposed to each other once. They have an understanding that if anything happens to one of them, the other will be there for them.
They began Season Three as a couple but by the end of the season they had broken up. In "The Truth About Love," it is revealed that Liam has been in a coma since the accident at the start of Season Two. He remembers everything about being with Fallon except their marriage. She doesn't remember them ever being married. This makes him want to go back in time and change something so they can be together forever.
In "Fallon Files - Part 1", it is revealed that despite everything that has happened between them, Fallon still loves Liam. This makes him want to go back in time even more because now he has proof that she still cares about him even though they are no longer together. In "Fallon Files - Part 2", it is revealed that what he does next will change both their lives for good or bad.