Ponyboy Curtis is introduced by seeing a movie by himself and not with his friends, the Greasers. When he leaves the theater he gets jumped by rival gang the Socs. But his brothers Sodapop, Darry save him. With the help of other greaers as well.
I killed Bob, and Johnny's not dead.
Johnny and Ponyboy run away. They go to a park and the Socs pull up and start to drown Ponyboy. Johnny freaked out and stabbed Bob. Bob dies.
After the fire, Johnny, Dally, and Ponyboy are injured. The Socs and the Greasers have a rumble, and after the Greasers win, Dally and Ponyboy go to tell Johnny. Johnny then dies and Dally runs out of there (the dust cloud in the corner).
Ponyboy thinks he killed Bob and that Johnny isn't dead. He reveals all this mainly when Randy comes to visit Ponyboy after Johnny died. Later on he comes to the realization that none of that is true.
The resolution of this story is that the entire book was Ponyboy writing an essay for his class where he could choose any theme. So he decided to write about the crazy past weeks he's had.
The rumble was the best part because it was what the book was sorta leading up to the entire time. When the greasers won it was what everyone wanted to happen in the book so it was a big win for everyone but the socs.