Sentence 1: Billy was in finals week in school. 
 Sentence 3: He realized that he had forgotten to study for his next exam 
 Sentence 4:  He began panicking on his way to the next test 
 Sentence 5:  Billy gave it his best effort anyways 
 Option 1: He did very poorly even though he studied. 
 Option 2: On his first exam, Bill had done exceptionally well.