Panel 1: Okay, this is getting spooky. We talk about Elly not being there, and she appears, and states that John is as well. If I didn't know about newspaper lead time, I'd be convinced that these strips were being submitted the same day they appear. Anyway, Liz's question is pure exposition. Why would Elly watch Granthony's testimony when she needs this time to check up on Liz and make sure she is or is becoming pro-stache?
Panel 2: Oh, man, I knew it would come to that. But...seductively? Promiscuous? Are those the lawyers' terms, or Liz's? And are we about to find out once and for all whether Liz is a v-rg-n?
Panel 3: Well, if those eyelashes aren't seductive, I don't know what is. But it's Granthony, not Howard, who's going to see them up close. And I just know that...
Panel 4: ...Yep; "rat" would not be a strong enough term. Total setup: why should she think of Howard as anything? Not sure why Elly looks so smug, though. Amused, perhaps? And is that shadow guy going to be moving when the strip goes up on the official site?