Plot hole: When Phoebe accidentally allows Chandler's ring to be sold, she tells him that she overheard which restaurant the guy said he was taking his girlfriend to, so they can go find him and persuade him to exchange rings. However, in the previous scene we see that Phoebe was paying no attention at all to that guy - she was too busy trying on jewellery. She wasn't even within earshot of the guy, and we see from her reaction that she hadn't even noticed him at all before he left the store with the ring (during which time he doesn't say anything at all).
Plot hole: When Chandler is in Joey's apartment, he answers the phone and says, "Joey's not here right now, can I take a message?" A split-second later, we hear Chandler say, "Yeah, so the audition's been moved from 5:00 to 2:30?" It would be 100% impossible, within the fraction of a second that Chandler is silent, for the other party to pass along the fact that Joey's audition has been moved and the new start time. In fact, there wouldn't have been time to speak more than a couple of syllables.
Plot hole: In the opening scene Phoebe and Chandler discuss how Phoebe knows Chandler is going to propose: by walking in on him whilst he was looking at a ring catalogue on the toilet. However, in the previous episode Chandler leaves the apartment right after he found out about Monica booking the wedding slot (on the answerphone) and doesn't come back until he 'freaks out' at Monica and then it is revealed that it was just put on and Phoebe is in on the plan. It doesn't add up, as Chandler would have had to have been looking at the catalogue between hearing the message and deciding to propose, in the same afternoon when he wasn't even in the apartment.
Plot hole: Monica is trusting Rachel to make a traditional English trifle and being a top chef (or an even averagely intelligent human being) she would know what ingredients are used in one. So there's no way she could have missed Rachel cooking beef with peas and onions during the cooking process. Rachel's cooking it right there in Monica's kitchen while everyone else is there!