While tracking down his latest bounty, Henry Travis (Johnny Cash), both Reno and his bounty are arrested and held in a local jail. In an interesting twist reminiscent of "It's A Wonderful Life," Travis shows Reno how things would have been in the lives of those Reno is closest to had he taken the bullet four years earlier instead of Val. Dixon is well on his way to becoming Governor of California; Bobby is a hired thug working for Dixon; Cheyenne, not approving of Bobby's actions and association with Dixon and others like him is missing and rumored to have been hurt by Bobby; and Reno's beloved Val has moved on with her life after his death, happily married with a baby. Reno Is forced to come to terms with the concept that even though he may not be where he wants to be in reality, things are in fact, happening the way they were always meant to.
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References It's a Wonderful Life