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The Boys season 5 finale ending explained: What happened to every character in episode 8?

The season 5 finale of The Boys, titled 'Blood and Bone,' concludes the series with the deaths of Homelander and Billy Butcher. Homelander is killed by Butcher after losing his powers, and Butcher dies from a gunshot wound inflicted by Hughie after attempting to release a supe-killing virus. The episode also details the fates of other characters, including Kimiko gaining powers, Mother's Milk reuniting with his family, and Hughie starting an audio-visual shop with a pregnant Annie January. The finale also touches on the fates of characters from the Gen V spin-off and confirms Soldier Boy's return in a 2027 prequel series, Vought Rising.

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