An unexpected visitor

1. • The Recognition: As the man sits by the fire, Pip experiences a flash of memory and realizes the visitor is the convict he aided in the churchyard marshes many years ago.
2. • The Great Reveal: The visitor reveals that he has been a successful sheep-farmer and stock-breeder in Australia (the "New World"). He confesses that he is Pip's secret benefactor, having sworn that every guinea he earned would go toward making Pip a gentleman.
3. • Pip's Internal Devastation: Pip is filled with dread and disgust, realizing that his "expectations" did not come from Miss Havisham. This discovery shatters his hope that Estella was designed for him, and he feels a deep sense of disappointment and "misery" regarding his true social and financial position.
4. • A Dangerous Return: The benefactor explains that he was "sent for life" and that returning to England is a capital offense. If caught, he faces the death penalty, placing Pip in the position of being responsible for the man’s life.
5. • The End of an Era: After the convict falls asleep in Herbert’s room, Pip sits by the fire in despair. The chapter concludes by noting that this revelation marks the end of the "Second Stage of Pip’s Expectations."