WARNING: Spoilers ahead for Euphoria's season 2 finale!
Maddy Perez tells Cassie that “this is just the beginning” in Euphoria’s season 2 finale, with the line meaning much more than just a warning about Nate. While Maddy’s storyline in Euphoria season 1 primarily documented her abusive relationship with Nate Jacobs (Jacob Elordi), season 2 focused much more on the aftermath of their breakup and conflict with Cassie. After Maddy and Nate had broken up, he and Cassie (Maddy’s best friend) were secretly hooking up behind her back, even though she and Nate were possibly going to get back together.
Alexa Demie’s character often recognized the abusive nature of her relationship with Nate but still felt that it may have been easier to fall back with him. Maddy’s idea to get back with Nate came to a full stop when Zendaya’s character Rue exposed Cassie and Nate's secret affair, with Maddy feeling particularly betrayed by Cassie. Maddy, knowing how emotionally and often physically abusive Nate was, said Cassie could have him, which was soon followed by Nate pointing a gun at her to get back the tape of Cal and Jules. In Euphoria’s season 2 finale, Cassie tells Maddy that Nate broke up with her before she went on stage and ruined Lexi’s play, with Maddy responding, “Don’t worry. This is just the beginning.”
Related: Who's The Third Kid In The Jacobs Family Photo? Why Has Euphoria Ignored Him?
The meaning of Maddy’s last line in Euphoria season 2 is primarily geared at warning Cassie of how much more abusive, volatile, and controlling Nate will be to her. Maddy went through hell when she dated Nate and, to make it worse, Cassie knew every detail of what she went through and still chose to pursue a relationship with him. In a dream
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